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

OMB APPROVAL

OMB Number:		3235-0006
Expires:	Oct 31, 2018
Estimated average burden
hours per response:		23.8

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 FDS	Global X MLP - ETF	37950E473	536	16,210	SH		SOLE	N/A	0	0	16,210
INVESCO EXCHANGE TRADED FD TR	Invesco Emerging Market Debt - ETF	46138E784	274	10,230	SH		SOLE	N/A	0	0	10,230
INVESCO EXCHANGE TRADED FD TR	Invesco Equal Wgt. Utilities - ETF	46137V274	1,497	14,470	SH		SOLE	N/A	0	0	14,470
INVESCO EXCHANGE TRADED FD TR	Invesco Equal Wgt. Cons. Disc. - ETF	46137V381	1,089	7,719	SH		SOLE	N/A	0	0	7,719
INVESCO EXCHANGE TRADED FD TR	Invesco Equal Wgt. Cons. Staples - ETF	46137V373	1,063	6,735	SH		SOLE	N/A	0	0	6,735
INVESCO EXCHANGE TRADED FD TR	Invesco Equal Wgt. Energy - ETF	46137V365	655	16,276	SH		SOLE	N/A	0	0	16,276
INVESCO EXCHANGE TRADED FD TR	Invesco Equal Wgt. Financials - ETF	46137V340	659	11,802	SH		SOLE	N/A	0	0	11,802
INVESCO EXCHANGE TRADED FD TR	Invesco Equal Wgt. Health Care - ETF	46137V373	1,910	7,119	SH		SOLE	N/A	0	0	7,119
INVESCO EXCHANGE TRADED FD TR	Invesco Equal Wgt. Industrials - ETF	46137V324	1,113	6,263	SH		SOLE	N/A	0	0	6,263
INVESCO EXCHANGE TRADED FD TR	Invesco Equal Wgt. Materials - ETF	46137V316	2,447	15,688	SH		SOLE	N/A	0	0	15,688
INVESCO EXCHANGE TRADED FD TR	Invesco Equal Wgt. Technology - ETF	46137V282	1,198	4,440	SH		SOLE	N/A	0	0	4,440
INVESCO EXCHANGE TRADED FD TR	Invesco Preferred - ETF	73936T565	406	27,082	SH		SOLE	N/A	0	0	27,082
INVESCO EXCHANGE TRADED FD TR	Invesco S&P 500 Equal Weight - ETF	78355W106	898	6,341	SH		SOLE	N/A	0	0	6,341
ISHARES TR	iShares Barclays Aggregate Bond Fund - ETF	464287226	301	2,647	SH		SOLE	N/A	0	0	2,647
ISHARES TR	iShares Barclays MBS - ETF	464288588	1,850	17,066	SH		SOLE	N/A	0	0	17,066
ISHARES TR	IShares Barclays TIPS - ETF	464287176	385	3,065	SH		SOLE	N/A	0	0	3,065
ISHARES TR	Ishares Core MSCI Emkt - ETF	46434G103	269	4,182	SH		SOLE	N/A	0	0	4,182
ISHARES TR	iShares Expanded Tech. Software - ETF	464287515	5,767	16,890	SH		SOLE	N/A	0	0	16,890
ISHARES TR	iShares Int'l Aggregate Bond - ETF	46435G672	3,869	70,527	SH		SOLE	N/A	0	0	70,527
ISHARES TR	iShares MSCI Emerg. Mkts Min. Volatility - ETF	464286533	5,734	90,788	SH		SOLE	N/A	0	0	90,788
ISHARES TR	iShares MSCI ACWI - ETF	464288257	327	3,434	SH		SOLE	N/A	0	0	3,434
ISHARES TR	iShares MSCI EAFE Min. Volatility - ETF	46429B689	4,307	59,003	SH		SOLE	N/A	0	0	59,003
ISHARES TR	iShares MSCI India - ETF	46429B598	6,525	154,703	SH		SOLE	N/A	0	0	154,703
ISHARES TR	iShares MSCI South Korea - ETF	464286772	6,090	67,896	SH		SOLE	N/A	0	0	67,896
ISHARES TR	iShares MSCI USA Min. Volatility - ETF	46429B697	2,081	30,079	SH		SOLE	N/A	0	0	30,079
ISHARES TR	iShares PHLX Semiconductor - ETF	464287523	5,965	14,068	SH		SOLE	N/A	0	0	14,068
ISHARES TR	iShares Russell 2000 - ETF	464287655	444	2,008	SH		SOLE	N/A	0	0	2,008
ISHARES TR	Ishares S&P Mid Cap - ETF	464287705	432	4,236	SH		SOLE	N/A	0	0	4,236
ISHARES TR	iShares S&P SmallCap 600 - ETF	464287804	5,951	54,836	SH		SOLE	N/A	0	0	54,836
ISHARES TR	iShares U.S. Total Stock Market - ETF	464287150	8,837	96,471	SH		SOLE	N/A	0	0	96,471
PIMCO	Pimco 0-5 Yr High Yield Corporate Bond - ETF	72201R783	5,288	53,317	SH		SOLE	N/A	0	0	53,317
SCHWAB STRATEGIC TR	Schwab REIT Fund - ETF	808524847	587	14,296	SH		SOLE	N/A	0	0	14,296
SCHWAB STRATEGIC TR	Schwab S&P 500 Index Fd	808509855	844	13,850	SH		SOLE	N/A	0	0	13,850
SCHWAB STRATEGIC TR	Schwab US Aggregate Bond - ETF	808524839	8,694	161,144	SH		SOLE	N/A	0	0	161,144
SCHWAB STRATEGIC TR	Schwab US Short-Term Treasury Fund - ETF	808524862	1,428	27,827	SH		SOLE	N/A	0	0	27,827
SCHWAB STRATEGIC TR	Schwab US Small Cap - ETF	808524607	4,552	45,670	SH		SOLE	N/A	0	0	45,670
SCHWAB STRATEGIC TR	Schwab US TIPS - ETF	808524870	3,882	63,477	SH		SOLE	N/A	0	0	63,477
SELECT SECTOR SPDR TR	Sector SPDR Industrials - ETF	81369Y704	412	4,180	SH		SOLE	N/A	0	0	4,180
SELECT SECTOR SPDR TR	Sector SPDR Regional Banking - ETF	78464A698	304	4,579	SH		SOLE	N/A	0	0	4,579
SPDR SERIES TR	SPDR Barclays Capital High Yield Bond - ETF	78464A417	5,079	46,680	SH		SOLE	N/A	0	0	46,680
SPDR SERIES TR	SPDR Barclays Municipal Bond - ETF	78464A458	495	9,589	SH		SOLE	N/A	0	0	9,589
SPDR SERIES TR	SPDR Barclays Short Term Muni Bond - ETF	78464A425	990	19,978	SH		SOLE	N/A	0	0	19,978
SPDR SERIES TR	SPDR Barclays Short-Term HY - ETF	78468R408	5,231	191,393	SH		SOLE	N/A	0	0	191,393
SPDR SERIES TR	SPDR Communications Svcs - ETF	78464A664	1,880	25,635	SH		SOLE	N/A	0	0	25,635
SPDR SERIES TR	SPDR Convertable Bond Fund - ETF	78464A359	5,118	61,406	SH		SOLE	N/A	0	0	61,406
SPDR SERIES TR	SPDR S&P Biotech - ETF	78464A870	5,650	41,652	SH		SOLE	N/A	0	0	41,652
VANECK VECTORS	Vaneck Vectors High Yield Muni Bond - ETF	92189H409	5,162	83,051	SH		SOLE	N/A	0	0	83,051
VANGUARD INDEX FUNDS	Vanguard Bond Index Fund - ETF	921937835	715	8,444	SH		SOLE	N/A	0	0	8,444
VANGUARD INTL EQUITY INDEX	Vanguard International Equity - ETF	922042775	472	7,771	SH		SOLE	N/A	0	0	7,771
VANGUARD CHARLOTTE FUNDS	Vanguard Total Intl. Bond Market - ETF	92203J407	595	10,412	SH		SOLE	N/A	0	0	10,412
XTRACKER	XTracker Harvest CSI China - ETF	233051879	5,559	143,939	SH		SOLE	N/A	0	0	143,939