Friedenthal Financial 13F-HR Quarterly holdings report by institutional manager

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

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COLUMN 1	COLUMN 2	COLUMN 3	COLUMN 4	COLUMN 5			COLUMN 6	COLUMN 7	COLUMN 8
			VALUE	SHRS OR	SH/	PUT/	INVESTMENT	OTHER	VOTING AUTHORITY
NAME OF ISSUER	TITLE OF CLASS	CUSIP	(x$1000)	PRN AMT	PRN	CALL	DISCRETION	MANAGER	SOLE	SHARED	NONE
GLOBAL X	Global X MLP - ETF	37950E473	342	35,807	SH		SOLE	N/A	0	0	35,807
ISHARES TR	iShares Barclays Aggregate Bond Fund - ETF	464287226	326	3,088	SH		SOLE	N/A	0	0	3,088
ISHARES TR	iShares Floating Rate Bond - ETF	46429B655	3,990	78,197	SH		SOLE	N/A	0	0	78,197
ISHARES TR	iShares JPM Emerging Market Bonds - ETF	464288281	222	2,024	SH		SOLE	N/A	0	0	2,024
ISHARES TR	iShares MSCI Emerg. Mkts Min. Volatility - ETF	464286533	4,870	82,128	SH		SOLE	N/A	0	0	82,128
ISHARES TR	iShares MSCI ACWI - ETF	464288257	287	3,864	SH		SOLE	N/A	0	0	3,864
ISHARES TR	iShares MSCI EAFE Min. Volatility - ETF	46429B689	4,904	67,360	SH		SOLE	N/A	0	0	67,360
ISHARES TR	iShares MSCI USA Min. Volatility - ETF	46429B697	5,258	92,176	SH		SOLE	N/A	0	0	92,176
ISHARES TR	iShares Russell 2000 - ETF	464287655	485	2,880	SH		SOLE	N/A	0	0	2,880
ISHARES TR	iShares S&P Midcap - ETF	464287507	3,670	18,234	SH		SOLE	N/A	0	0	18,234
ISHARES TR	iShares S&P SmallCap 600 - ETF	464287804	3,885	44,536	SH		SOLE	N/A	0	0	44,536
ISHARES TR	iShares S&P US Preferred Stock - ETF	464288687	3,942	106,160	SH		SOLE	N/A	0	0	106,160
ISHARES TR	iShares Short Maturity Bond - ETF	46431W507	337	6,708	SH		SOLE	N/A	0	0	6,708
OPPENHEIMER ETF TR	Oppenheimer S&P Ultra Dividend - ETF	68386C401	494	12,820	SH		SOLE	N/A	0	0	12,820
PIMCO	Pimco 0-5 Yr High Yield Corporate Bond - ETF	72201R783	3,949	39,243	SH		SOLE	N/A	0	0	39,243
PIMCO	Pimco Enhanced Short Maturity - ETF	72201R833	329	3,242	SH		SOLE	N/A	0	0	3,242
POWERSHARES GLOBAL ETF	Alerian MLP - ETF	00162Q866	1,234	115,499	SH		SOLE	N/A	0	0	115,499
POWERSHARES GLOBAL ETF	Invesco Emerging Market Debt - ETF	73936T573	640	23,714	SH		SOLE	N/A	0	0	23,714
POWERSHARES GLOBAL ETF	Invesco Equal Wgt. Utilities - ETF	78355W791	1,379	15,722	SH		SOLE	N/A	0	0	15,722
POWERSHARES GLOBAL ETF	Invesco Equal Wgt. Cons. Disc. - ETF	78355W882	1,457	13,743	SH		SOLE	N/A	0	0	13,743
POWERSHARES GLOBAL ETF	Invesco Equal Wgt. Cons. Staples - ETF	78355W874	1,448	11,281	SH		SOLE	N/A	0	0	11,281
POWERSHARES GLOBAL ETF	Invesco Equal Wgt. Energy - ETF	78355W866	1,506	24,247	SH		SOLE	N/A	0	0	24,247
POWERSHARES GLOBAL ETF	Invesco Equal Wgt. Financials - ETF	78355W858	1,466	34,090	SH		SOLE	N/A	0	0	34,090
POWERSHARES GLOBAL ETF	Invesco Equal Wgt. Health Care - ETF	78355W841	1,545	7,496	SH		SOLE	N/A	0	0	7,496
POWERSHARES GLOBAL ETF	Invesco Equal Wgt. Industrials - ETF	78355W833	1,549	12,284	SH		SOLE	N/A	0	0	12,284
POWERSHARES GLOBAL ETF	Invesco Equal Wgt. Materials - ETF	78355W825	1,507	13,874	SH		SOLE	N/A	0	0	13,874
POWERSHARES GLOBAL ETF	Invesco Equal Wgt. Technology - ETF	78355W817	2,345	13,936	SH		SOLE	N/A	0	0	13,936
POWERSHARES GLOBAL ETF	Invesco High Yield Corporate Bond - ETF	73936T557	555	29,943	SH		SOLE	N/A	0	0	29,943
POWERSHARES GLOBAL ETF	Invesco HY Corporate Bond 2019 - ETF	18383M373	430	17,717	SH		SOLE	N/A	0	0	17,717
POWERSHARES GLOBAL ETF	Invesco HY Corporate Bond 2020 -ETF	46138J601	417	17,124	SH		SOLE	N/A	0	0	17,124
POWERSHARES GLOBAL ETF	Invesco HY Corporate Bond 2021 - ETF	18383M225	985	39,752	SH		SOLE	N/A	0	0	39,752
POWERSHARES GLOBAL ETF	Invesco Preferreds - ETF	73936T565	800	55,871	SH		SOLE	N/A	0	0	55,871
POWERSHARES GLOBAL ETF	Invesco S&P 500 Low Volatility - ETF	73937B779	4,389	88,625	SH		SOLE	N/A	0	0	88,625
POWERSHARES GLOBAL ETF	Invesco Senior Bank Loan - ETF	73936Q769	867	37,438	SH		SOLE	N/A	0	0	37,438
POWERSHARES GLOBAL ETF	Powershares S&P 500 High Div. Low Vol. - ETF	73937B654	224	5,568	SH		SOLE	N/A	0	0	5,568
POWERSHARES GLOBAL ETF	Powershares S&P 500 Pure Growth -ETF	739371722	502	4,176	SH		SOLE	N/A	0	0	4,176
SCHWAB STRATEGIC TR	Schwab REIT Fund - ETF	808524847	1,928	46,204	SH		SOLE	N/A	0	0	46,204
SCHWAB STRATEGIC TR	Schwab US Broad Market - ETF	808524102	278	3,952	SH		SOLE	N/A	0	0	3,952
SCHWAB STRATEGIC TR	Schwab US Large Cap - ETF	808524201	340	4,890	SH		SOLE	N/A	0	0	4,890
SCHWAB STRATEGIC TR	Schwab US Short-Term Treasury Fund - ETF	808524862	525	10,595	SH		SOLE	N/A	0	0	10,595
SCHWAB STRATEGIC TR	Schwab US TIPS - ETF	808524870	1,468	27,202	SH		SOLE	N/A	0	0	27,202
SCHWAB STRATEGIC TR	Schwab US Aggregate Bond - ETF	808524839	10,037	199,749	SH		SOLE	N/A	0	0	199,749
SELECT SECTOR SPDR TR	Schwab US Small Cap - ETF	808524607	6,093	79,993	SH		SOLE	N/A	0	0	79,993
SELECT SECTOR SPDR TR	Sector SPDR Consumer Discretionary - ETF	81369Y407	4,273	36,449	SH		SOLE	N/A	0	0	36,449
SELECT SECTOR SPDR TR	Sector SPDR Financial Select - ETF	81369Y605	391	14,172	SH		SOLE	N/A	0	0	14,172
SELECT SECTOR SPDR TR	Sector SPDR Technology - ETF	81369Y803	4,520	60,007	SH		SOLE	N/A	0	0	60,007
SPDR SERIES TR	SPDR Barclays Municipal Bond - ETF	78464A458	682	14,369	SH		SOLE	N/A	0	0	14,369
SPDR SERIES TR	SPDR Barclays Short Term Muni Bond - ETF	78464A425	1,578	33,080	SH		SOLE	N/A	0	0	33,080
SPDR SERIES TR	SPDR Barclays Short-Term HY - ETF	78468R408	4,033	146,167	SH		SOLE	N/A	0	0	146,167
SPDR SERIES TR	SPDR S&P 500 - ETF	78462F103	1,280	4,402	SH		SOLE	N/A	0	0	4,402
SPDR SERIES TR	SPDR S&P Dividend - ETF	78464A763	4,015	40,998	SH		SOLE	N/A	0	0	40,998
SPDR SERIES TR	SPDR S&P Oil and Gas Exploration - ETF	78464A730	3,876	89,544	SH		SOLE	N/A	0	0	89,544
SPDR SERIES TR	First Trust Dow Jones Internet Fund - ETF	33733E302	4,097	28,949	SH		SOLE	N/A	0	0	28,949
VANGUARD BND INDEX FD	Vanguard Bond Index Fund - ETF	921937835	661	8,402	SH		SOLE	N/A	0	0	8,402
VANGUARD INDEX FDS	Vanguard Mid Cap -ETF	922908629	354	2,156	SH		SOLE	N/A	0	0	2,156
VANGUARD INDEX FDS	Vanguard REIT - ETF	922908553	3,533	43,791	SH		SOLE	N/A	0	0	43,791
VANGUARD CHARLOTTE FUNDS	Vanguard Total Intl. Bond Market - ETF	92203J407	3,947	72,369	SH		SOLE	N/A	0	0	72,369
VANGUARD INDEX FDS	Vanguard Total Stock Market - ETF	922908769	621	4,150	SH		SOLE	N/A	0	0	4,150