Instuitional Investor - Ciovacco Capital Management Llc

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Vanguard Index Fds - S&P 500 ETF SHS		121,615	$69,081,445	37.58%
2.	Spdr S & P 500 Etf Trust	SPY	45,508	$28,117,492	15.3%
3.	Spdr Series Trust		224,036	$21,355,117	11.62%
4.	Invesco Qqq Tr		22,274	$12,287,623	6.68%
5.	Ishares Trust	IEF	40,573	$7,030,217	3.82%