Trend Table for FIAX - Nicholas Fixed Income Alternative ETF

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
May 17	B	Strong	Up	Up	Flat	4.99%
May 16	B	Strong	Up	Up	Up	4.89%
May 15	B	Weak or Absent	Up	Up	Up	4.72%
May 14	B	Weak or Absent	Up	Up	Flat	5.24%
May 13	C	Weak or Absent	Flat	Flat	Flat	5.53%
May 10	C	Weak or Absent	Flat	Flat	Flat	5.51%
May 9	C	Weak or Absent	Flat	Flat	Flat	5.51%
May 8	C	Weak or Absent	Flat	Flat	Up	5.54%
May 7	C	Weak or Absent	Flat	Flat	Up	5.60%
May 6	B	Weak or Absent	Flat	Flat	Flat	5.75%