Instuitional Investor - Ciovacco Capital Management Llc

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Spdr S & P 500 Etf Trust	SPY	72,722	$34,565	25.58%
2.	Vanguard Index Fds		70,969	$30,999	22.94%
3.	Sector Spdr Trust	XLB	76,760	$14,774	10.93%
4.	Ishares Trust	IEF	70,242	$8,622	6.38%
5.	Vaneck Etf Trust		38,738	$6,774	5.01%