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 9	A	Strong	Up	Up	Up	9.33%
Jul 8	A	Strong	Up	Up	Up	9.32%
Jul 5	A	Strong	Up	Up	Up	9.32%
Jul 3	A	Strong	Up	Up	Up	9.51%
Jul 2	A	Strong	Up	Up	Up	10.29%
Jul 1	A	Strong	Up	Up	Up	10.66%
Jun 28	A	Strong	Up	Up	Up	10.66%
Jun 27	A	Strong	Up	Up	Up	11.24%
Jun 26	A	Strong	Up	Up	Flat	12.17%
Jun 25	A	Strong	Up	Up	Flat	12.22%