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
ALPS ETF TR	Alerian MLP - ETF	00162Q866	377	38,302	SH		SOLE	N/A	0	0	38,302
FIRST TR EXCHANGE TRADED FD	First Trust Dow Jones Internet Fund - ETF	33733E302	3,801	26,429	SH		SOLE	N/A	0	0	26,429
GLOBAL X	Global X FinTech - ETF	37954Y814	372	12,611	SH		SOLE	N/A	0	0	12,611
GLOBAL X	Global X MLP - ETF	37950E473	1,205	136,654	SH		SOLE	N/A	0	0	136,654
ISHARES TR	iShares Barclays Aggregate Bond Fund - ETF	464287226	341	3,064	SH		SOLE	N/A	0	0	3,064
ISHARES TR	iShares Barclays Intermediate Credit - ETF	464288638	3,873	68,008	SH		SOLE	N/A	0	0	68,008
ISHARES TR	iShares Expanded Tech. Software - ETF	464287515	3,730	17,073	SH		SOLE	N/A	0	0	17,073
ISHARES TR	iShares Floating Rate Bond - ETF	46429B655	434	8,515	SH		SOLE	N/A	0	0	8,515
ISHARES TR	Ishares Global Infrastructure - ETF	464288372	370	8,016	SH		SOLE	N/A	0	0	8,016
ISHARES TR	iShares Int'l Aggregate Bond - ETF	46435G672	3,466	63,619	SH		SOLE	N/A	0	0	63,619
ISHARES TR	iShares Invt. Grade Corporate Bond - ETF	464288620	268	4,695	SH		SOLE	N/A	0	0	4,695
ISHARES TR	iShares JPM Emerging Market Bonds - ETF	464288281	229	2,024	SH		SOLE	N/A	0	0	2,024
ISHARES TR	iShares MSCI Emerg. Mkts Min. Volatility - ETF	464286533	6,055	102,869	SH		SOLE	N/A	0	0	102,869
ISHARES TR	iShares MSCI ACWI - ETF	464288257	286	3,883	SH		SOLE	N/A	0	0	3,883
ISHARES TR	iShares MSCI EAFE Min. Volatility - ETF	46429B689	5,762	79,322	SH		SOLE	N/A	0	0	79,322
ISHARES TR	iShares MSCI Hong Kong - ETF	464286871	4,187	161,782	SH		SOLE	N/A	0	0	161,782
ISHARES TR	iShares MSCI USA Min. Volatility - ETF	46429B697	10,407	168,593	SH		SOLE	N/A	0	0	168,593
ISHARES TR	iShares S&P US Preferred Stock - ETF	464288687	263	7,144	SH		SOLE	N/A	0	0	7,144
ISHARES TR	iShares Short Maturity Bond - ETF	46431W507	365	7,262	SH		SOLE	N/A	0	0	7,262
ISHARES TR	iShares US Home Construction - ETF	464288752	3,714	97,177	SH		SOLE	N/A	0	0	97,177
PIMCO	Pimco Enhanced Short Maturity - ETF	72201R833	358	3,516	SH		SOLE	N/A	0	0	3,516
POWERSHARES GLOBAL ETF	Invesco Emerging Market Debt - ETF	73936T573	769	26,469	SH		SOLE	N/A	0	0	26,469
POWERSHARES GLOBAL ETF	Invesco Equal Wgt. Utilities - ETF	78355W791	2,114	21,403	SH		SOLE	N/A	0	0	21,403
POWERSHARES GLOBAL ETF	Invesco Equal Wgt. Cons. Disc. - ETF	78355W882	1,808	17,252	SH		SOLE	N/A	0	0	17,252
POWERSHARES GLOBAL ETF	Invesco Equal Wgt. Cons. Staples - ETF	78355W874	1,854	13,853	SH		SOLE	N/A	0	0	13,853
POWERSHARES GLOBAL ETF	Invesco Equal Wgt. Energy - ETF	78355W866	1,724	35,510	SH		SOLE	N/A	0	0	35,510
POWERSHARES GLOBAL ETF	Invesco Equal Wgt. Financials - ETF	78355W858	1,893	43,675	SH		SOLE	N/A	0	0	43,675
POWERSHARES GLOBAL ETF	Invesco Equal Wgt. Health Care - ETF	78355W841	1,833	9,043	SH		SOLE	N/A	0	0	9,043
POWERSHARES GLOBAL ETF	Invesco Equal Wgt. Industrials - ETF	78355W833	1,935	15,353	SH		SOLE	N/A	0	0	15,353
POWERSHARES GLOBAL ETF	Invesco Equal Wgt. Materials - ETF	78355W825	1,934	17,636	SH		SOLE	N/A	0	0	17,636
POWERSHARES GLOBAL ETF	Invesco Equal Wgt. Technology - ETF	78355W817	2,160	12,175	SH		SOLE	N/A	0	0	12,175
POWERSHARES GLOBAL ETF	Invesco High Yield Corporate Bond - ETF	73936T557	660	34,848	SH		SOLE	N/A	0	0	34,848
POWERSHARES GLOBAL ETF	Invesco HY Corporate Bond 2021 - ETF	18383M225	704	28,514	SH		SOLE	N/A	0	0	28,514
POWERSHARES GLOBAL ETF	Invesco IG Corporate Bond 2020 - ETF	18383M514	321	15,083	SH		SOLE	N/A	0	0	15,083
POWERSHARES GLOBAL ETF	Invesco Preferred - ETF	73936T565	8,921	609,755	SH		SOLE	N/A	0	0	609,755
POWERSHARES GLOBAL ETF	Invesco Senior Bank Loan - ETF	73936Q769	1,019	44,953	SH		SOLE	N/A	0	0	44,953
SCHWAB STRATEGIC TR	Invesco BulletShares 2024 Corp. Bnd. - ETF	46138J841	369	17,350	SH		SOLE	N/A	0	0	17,350
SCHWAB STRATEGIC TR	Schwab REIT Fund - ETF	808524847	2,165	48,721	SH		SOLE	N/A	0	0	48,721
SCHWAB STRATEGIC TR	Schwab US Broad Market - ETF	808524102	845	11,985	SH		SOLE	N/A	0	0	11,985
SCHWAB STRATEGIC TR	Schwab US Large Cap - ETF	808524201	344	4,905	SH		SOLE	N/A	0	0	4,905
SCHWAB STRATEGIC TR	Schwab US Short-Term Treasury Fund - ETF	808524862	564	11,156	SH		SOLE	N/A	0	0	11,156
SCHWAB STRATEGIC TR	Schwab US Small Cap - ETF	808524607	6,262	87,611	SH		SOLE	N/A	0	0	87,611
SCHWAB STRATEGIC TR	Schwab US TIPS - ETF	808524870	1,768	31,391	SH		SOLE	N/A	0	0	31,391
SCHWAB STRATEGIC TR	Schwab Value Advantage	808515605	338	337,622	SH		SOLE	N/A	0	0	337,622
SELECT SECTOR SPDR TR	Sector SPDR Consumer Discretionary - ETF	81369Y407	464	3,891	SH		SOLE	N/A	0	0	3,891
SELECT SECTOR SPDR TR	Sector SPDR Consumer Staples - ETF	81369Y308	442	7,608	SH		SOLE	N/A	0	0	7,608
SELECT SECTOR SPDR TR	Sector SPDR Technology - ETF	81369Y803	534	6,845	SH		SOLE	N/A	0	0	6,845
SPDR SERIES TR	Sector SPDR Utility Select - ETF	81369Y886	4,053	67,972	SH		SOLE	N/A	0	0	67,972
SPDR SERIES TR	SPDR Barclays Municipal Bond - ETF	78464A458	1,923	38,356	SH		SOLE	N/A	0	0	38,356
SPDR SERIES TR	SPDR Barclays Short Term Muni Bond - ETF	78464A425	2,031	41,506	SH		SOLE	N/A	0	0	41,506
SPDR SERIES TR	SPDR Barclays Short-Term HY - ETF	78468R408	532	19,528	SH		SOLE	N/A	0	0	19,528
SPDR SERIES TR	SPDR S&P 500 - ETF	78462F103	1,477	5,042	SH		SOLE	N/A	0	0	5,042
SPDR SERIES TR	SPDR S&P Dividend - ETF	78464A763	328	3,255	SH		SOLE	N/A	0	0	3,255
SPDR SERIES TR	SPDR US Large Cap Low Volatility Index - ETF	78468R804	375	3,480	SH		SOLE	N/A	0	0	3,480
VANGUARD BOND INDEX FD	Vanguard Bond Index Fund - ETF	921937819	3,503	40,502	SH		SOLE	N/A	0	0	40,502
VANGUARD BOND INDEX FD	Vanguard Bond Index Fund - ETF	921937835	676	8,139	SH		SOLE	N/A	0	0	8,139
VANGUARD BOND INDEX FD	Vanguard Corporate Bond - ETF	92206C870	2,569	28,592	SH		SOLE	N/A	0	0	28,592
VANGUARD CHARLOTTE FUNDS	Vanguard Total Intl. Bond Market - ETF	92203J407	1,198	20,908	SH		SOLE	N/A	0	0	20,908
VANGUARD INDEX FDS	Vanguard REIT - ETF	922908553	3,747	42,868	SH		SOLE	N/A	0	0	42,868
VANGUARD INDEX FUNDS	Vanguard Total Stock Market - ETF	922908769	501	3,337	SH		SOLE	N/A	0	0	3,337