Trend Table for CEFD - ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
May 16	B	Strong	Up	Up	Up	12.86%
May 15	B	Strong	Up	Up	Up	12.79%
May 14	B	Strong	Up	Up	Up	13.88%
May 13	B	Strong	Up	Up	Up	14.30%
May 10	C	Strong	Up	Up	Up	14.24%
May 9	C	Strong	Up	Up	Up	13.95%
May 8	C	Strong	Up	Up	Up	14.36%
May 7	C	Strong	Up	Up	Up	14.25%
May 6	C	Strong	Up	Up	Up	14.60%
May 3	B	Weak or Absent	Up	Flat	Up	15.47%