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		116,864	$80,263,476	35.72%
2.	Spdr Series Trust	KRE	221,949	$26,409,787	11.75%
3.	Spdr S & P 500 Etf Trust	SPY	28,159	$21,021,737	9.35%
4.	Invesco Qqq Tr		21,229	$15,633,280	6.96%
5.	Sector Spdr Trust	XLE	67,618	$12,877,200	5.73%