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
Jul 22	B	Strong	Up	Up	Flat	7.09%
Jul 19	C	Strong	Up	Up	Down	8.15%
Jul 18	C	Strong	Up	Up	Down	7.71%
Jul 17	B	Strong	Up	Up	Flat	6.42%
Jul 16	A	Strong	Up	Up	Up	5.29%
Jul 15	A	Strong	Up	Up	Up	5.72%
Jul 12	A	Strong	Up	Up	Up	5.96%
Jul 11	A	Strong	Up	Up	Up	6.38%
Jul 10	A	Strong	Up	Up	Up	6.84%
Jul 9	A	Strong	Up	Up	Up	7.64%