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 FUNDS	Global X MLP ETF	37950E473	1,065	337,966	SH		SOLE	N/A	0	0	337,966
INVESCO ACTIVELY MANAGED ETF	Invesco Optimum Yield ETF	46090F100	3,766	318,634	SH		SOLE	N/A	0	0	318,634
INVESCO EXCHANGE TRADED FD TR	Invesco Emerging Market Debt ETF	46138E784	618	25,853	SH		SOLE	N/A	0	0	25,853
INVESCO EXCHANGE TRADED FD TR	Invesco Equal Wgt. Utilities ETF	46137V274	1,360	15,376	SH		SOLE	N/A	0	0	15,376
INVESCO EXCHANGE TRADED FD TR	Invesco Equal Wgt. Cons. Disc. ETF	46137V381	1,264	18,873	SH		SOLE	N/A	0	0	18,873
INVESCO EXCHANGE TRADED FD TR	Invesco Equal Wgt. Cons. Staples ETF	46137V373	1,411	11,407	SH		SOLE	N/A	0	0	11,407
INVESCO EXCHANGE TRADED FD TR	Invesco Equal Wgt. Energy ETF	46137V365	1,115	55,708	SH		SOLE	N/A	0	0	55,708
INVESCO EXCHANGE TRADED FD TR	Invesco Equal Wgt. Financials ETF	46137V340	1,250	39,818	SH		SOLE	N/A	0	0	39,818
INVESCO EXCHANGE TRADED FD TR	Invesco Equal Wgt. Health Care ETF	46137V373	1,348	7,124	SH		SOLE	N/A	0	0	7,124
INVESCO EXCHANGE TRADED FD TR	Invesco Equal Wgt. Industrials ETF	46137V324	1,298	13,230	SH		SOLE	N/A	0	0	13,230
INVESCO EXCHANGE TRADED FD TR	Invesco Equal Wgt. Materials ETF	46137V316	1,301	15,846	SH		SOLE	N/A	0	0	15,846
INVESCO EXCHANGE TRADED FD TR	Invesco Equal Wgt. Technology ETF	46137V282	1,344	8,430	SH		SOLE	N/A	0	0	8,430
INVESCO EXCHN TRD SLF IDX FD	Invesco High Yield Corporate Bond ETF	46138E719	577	34,802	SH		SOLE	N/A	0	0	34,802
INVESCO EXCHN TRD SLF IDX FD	Invesco HY Corporate Bond 2021 ETF	18383M225	576	26,019	SH		SOLE	N/A	0	0	26,019
INVESCO EXCHN TRD SLF IDX FD	Invesco Senior Bank Loan ETF	4613IG508	662	32,337	SH		SOLE	N/A	0	0	32,337
ISHARES TR	iShares MSCI Emerg. Mkts Min. Volatility ETF	464286533	4,848	103,318	SH		SOLE	N/A	0	0	103,318
ISHARES TR	iShares Barclays Aggregate Bond Fund ETF	464287226	670	5,805	SH		SOLE	N/A	0	0	5,805
ISHARES TR	iShares Barclays Intermediate Credit ETF	464288638	3,789	68,983	SH		SOLE	N/A	0	0	68,983
ISHARES TR	iShares Int'l Aggregate Bond ETF	46435G672	3,684	67,360	SH		SOLE	N/A	0	0	67,360
ISHARES TR	iShares MSCI ACWI ETF	464288257	238	3,802	SH		SOLE	N/A	0	0	3,802
ISHARES TR	iShares MSCI EAFE Min. Volatility ETF	46429B689	4,797	77,306	SH		SOLE	N/A	0	0	77,306
ISHARES TR	iShares MSCI Taiwan ETF	464286731	3,775	114,497	SH		SOLE	N/A	0	0	114,497
ISHARES TR	iShares MSCI USA Min. Volatility ETF	46429B697	4,676	86,571	SH		SOLE	N/A	0	0	86,571
ISHARES TR	iShares PHLX Semiconductor ETF	464287523	3,866	18,841	SH		SOLE	N/A	0	0	18,841
ISHARES TR	iShares S P Latin America 40 ETF	464287390	3,711	203,255	SH		SOLE	N/A	0	0	203,255
ISHARES TR	iShares TR Russell 1000 Growth ETF	464287614	612	4,063	SH		SOLE	N/A	0	0	4,063
ISHARES TR	iShares US Home Construction ETF	464288752	3,431	118,604	SH		SOLE	N/A	0	0	118,604
KRANSHARES TR	Kraneshares CSI China Internet ETF	500767306	3,765	83,169	SH		SOLE	N/A	0	0	83,169
SCHWAB STRATEGIC TR	Schwab US Aggregate Bond ETF	808524839	11,481	211,547	SH		SOLE	N/A	0	0	211,547
SCHWAB STRATEGIC TR	Schwab REIT Fund ETF	808524847	1,241	37,912	SH		SOLE	N/A	0	0	37,912
SCHWAB STRATEGIC TR	Schwab US Short Term Treasury Fund ETF	808524862	577	11,147	SH		SOLE	N/A	0	0	11,147
SCHWAB STRATEGIC TR	Schwab US Small Cap ETF	808524607	4,462	86,607	SH		SOLE	N/A	0	0	86,607
SCHWAB STRATEGIC TR	Schwab US TIPS ETF	808524870	1,800	31,296	SH		SOLE	N/A	0	0	31,296
SELECT SECTOR SPDR TR	Sector SPDR Consumer Staples ETF	81369Y308	249	4,568	SH		SOLE	N/A	0	0	4,568
SELECT SECTOR SPDR TR	Sector SPDR Technology ETF	81369Y803	4,180	52,013	SH		SOLE	N/A	0	0	52,013
SPDR SP 500 ETF TR	SPDR Barclays Short Term Muni Bond ETF	78464A425	1,995	40,799	SH		SOLE	N/A	0	0	40,799
SPDR SERIES TR	SPDR 1 3 Month T Bill ETF	78468R663	3,574	39,002	SH		SOLE	N/A	0	0	39,002
SPDR SERIES TR	SPDR Barclays Municipal Bond ETF	78464A458	894	17,873	SH		SOLE	N/A	0	0	17,873
SPDR SERIES TR	SPDR Communications Svcs ETF	78464A664	345	7,791	SH		SOLE	N/A	0	0	7,791
SPDR SP 500 ETF TR	SPDR S P 500 ETF	78462F103	1,080	4,189	SH		SOLE	N/A	0	0	4,189
SPDR SERIES TR	SPDR S P Oil and Gas Exploration ETF	78464A730	3,431	104,278	SH		SOLE	N/A	0	0	104,278
VANGUARD BOND INDEX	Vanguard Bond Index Fund ETF	921937835	850	9,954	SH		SOLE	N/A	0	0	9,954
VANGUARD BOND INDEX	Vanguard Corporate Bond ETF	92206C870	3,524	40,463	SH		SOLE	N/A	0	0	40,463
VANGUARD CHARLOTTE FUNDS	Vanguard Total Intl. Bond Market ETF	92203J407	4,413	78,447	SH		SOLE	N/A	0	0	78,447
VANGUARD INDEX FUNDS	Vanguard Mid Cap ETF	922908629	200	1,519	SH		SOLE	N/A	0	0	1,519