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		93,182	$47,887,326	33.54%
2.	Spdr S & P 500 Etf Trust	SPY	49,727	$27,817,251	19.48%
3.	Schwab Strategic Trust	FNDF	501,692	$12,562,383	8.8%
4.	Ishares Trust	IEF	86,412	$12,135,792	8.5%
5.	Sector Spdr Trust	XLB	37,786	$7,802,213	5.47%