SMI Advisory Services 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
SPDR SER TR	BLOOMBERG 1-3 MO	78468R663	47,516	519,361	SH		SOLE	SMI Advisory Services LLC	0	0	519,361
ISHARES TR	1 3 YR TREAS BD	464287457	44,665	539,499	SH		SOLE	SMI Advisory Services LLC	0	0	539,499
SPROTT PHYSICAL GOLD TR	UNIT	85207H104	43,985	3,101,886	SH		SOLE	SMI Advisory Services LLC	0	0	3,101,886
VANGUARD MALVERN FDS	STRM INFPROIDX	922020805	37,601	750,221	SH		SOLE	SMI Advisory Services LLC	0	0	750,221
VANGUARD BD INDEX FDS	SHORT TRM BOND	921937827	18,513	241,089	SH		SOLE	SMI Advisory Services LLC	0	0	241,089
ISHARES TR	S&P 500 VAL ETF	464287408	15,620	113,635	SH		SOLE	SMI Advisory Services LLC	0	0	113,635
INVESCO ACTVELY MNGD ETC FD	OPTIMUM YIELD	46090F100	14,795	820,102	SH		SOLE	SMI Advisory Services LLC	0	0	820,102
SELECT SECTOR SPDR TR	ENERGY	81369Y506	14,503	202,810	SH		SOLE	SMI Advisory Services LLC	0	0	202,810
ISHARES TR	CORE S&P500 ETF	464287200	7,352	19,392	SH		SOLE	SMI Advisory Services LLC	0	0	19,392
SCHWAB STRATEGIC TR	SHT TM US TRES	808524862	5,859	119,110	SH		SOLE	SMI Advisory Services LLC	0	0	119,110
VANGUARD INDEX FDS	EXTEND MKT ETF	922908652	5,301	40,435	SH		SOLE	SMI Advisory Services LLC	0	0	40,435
FIRST TR EXCHANGE-TRADED FD	NAT GAS ETF	33733E807	3,461	157,975	SH		SOLE	SMI Advisory Services LLC	0	0	157,975
INVESCO EXCH TRADED FD TR II	S&P SMLCP ENGY	46138E164	3,271	375,930	SH		SOLE	SMI Advisory Services LLC	0	0	375,930
SPDR SER TR	S&P OILGAS EXP	78468R556	3,263	27,307	SH		SOLE	SMI Advisory Services LLC	0	0	27,307
SPDR S&P 500 ETF TR	TR UNIT	78462F103	1,476	3,912	SH		SOLE	SMI Advisory Services LLC	0	0	3,912
SPDR SER TR	PORTFOLIO S&P500	78464A854	1,007	22,721	SH		SOLE	SMI Advisory Services LLC	0	0	22,721
INNOVATOR ETFS TR	US EQT ULTRA BF	45782C300	988	33,916	SH		SOLE	SMI Advisory Services LLC	0	0	33,916
VANGUARD INDEX FDS	S&P 500 ETF SHS	922908363	970	2,798	SH		SOLE	SMI Advisory Services LLC	0	0	2,798
ISHARES TR	RUS 1000 ETF	464287622	909	4,376	SH		SOLE	SMI Advisory Services LLC	0	0	4,376
ISHARES TR	MRGSTR MD CP GRW	464288307	908	17,487	SH		SOLE	SMI Advisory Services LLC	0	0	17,487
VANGUARD BD INDEX FDS	TOTAL BND MRKT	921937835	879	11,673	SH		SOLE	SMI Advisory Services LLC	0	0	11,673
SPDR SER TR	PORTFOLIO SH TSR	78468R101	845	28,699	SH		SOLE	SMI Advisory Services LLC	0	0	28,699
HUBBELL INC	COM	443510607	808	4,525	SH		SOLE	SMI Advisory Services LLC	0	0	4,525
VANGUARD INTL EQUITY INDEX F	ALLWRLD EX US	922042775	785	15,711	SH		SOLE	SMI Advisory Services LLC	0	0	15,711
ISHARES TR	RUS MID CAP ETF	464287499	665	10,292	SH		SOLE	SMI Advisory Services LLC	0	0	10,292
INNOVATOR ETFS TR	US EQTY PWR BUF	45782C383	556	18,835	SH		SOLE	SMI Advisory Services LLC	0	0	18,835
SPDR INDEX SHS FDS	MSCI ACWI EXUS	78463X848	469	19,731	SH		SOLE	SMI Advisory Services LLC	0	0	19,731
INVESCO EXCH TRD SLF IDX FD	BULSHS 2023 CB	46138J866	440	20,991	SH		SOLE	SMI Advisory Services LLC	0	0	20,991
INVESCO EXCH TRD SLF IDX FD	BULSHS 2024 CB	46138J841	403	19,437	SH		SOLE	SMI Advisory Services LLC	0	0	19,437
INVESCO EXCH TRD SLF IDX FD	BULSHS 2022 CB	46138J882	384	18,133	SH		SOLE	SMI Advisory Services LLC	0	0	18,133
VANGUARD INDEX FDS	LARGE CAP ETF	922908637	310	1,797	SH		SOLE	SMI Advisory Services LLC	0	0	1,797
SPDR GOLD TR	GOLD SHS	78463V107	266	1,577	SH		SOLE	SMI Advisory Services LLC	0	0	1,577
INNOVATOR ETFS TR	US EQTY BUF SEP	45782C664	242	8,284	SH		SOLE	SMI Advisory Services LLC	0	0	8,284
VANGUARD INDEX FDS	REAL ESTATE ETF	922908553	236	2,588	SH		SOLE	SMI Advisory Services LLC	0	0	2,588
ISHARES TR	0-5 YR TIPS ETF	46429B747	217	2,140	SH		SOLE	SMI Advisory Services LLC	0	0	2,140
ISHARES TR	SP SMCP600VL ETF	464287879	217	2,440	SH		SOLE	SMI Advisory Services LLC	0	0	2,440
SPDR SER TR	PORTFOLIO S&P400	78464A847	206	5,185	SH		SOLE	SMI Advisory Services LLC	0	0	5,185
VANGUARD STAR FDS	VG TL INTL STK F	921909768	200	3,880	SH		SOLE	SMI Advisory Services LLC	0	0	3,880
CO-DIAGNOSTICS INC	COM	189763105	116	20,595	SH		SOLE	SMI Advisory Services LLC	0	0	20,595