Trend Table for FIAX - Nicholas Fixed Income Alternative ETF

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Dec 16	A	Weak or Absent	N/A	N/A	Flat	7.12%
Dec 15	A	Weak or Absent	N/A	N/A	Flat	7.07%
Dec 14	C	Weak or Absent	N/A	N/A	N/A	6.97%
Dec 13	C	Weak or Absent	N/A	N/A	N/A	6.91%
Dec 12	C	Weak or Absent	N/A	N/A	N/A	7.10%
Dec 9	C	Weak or Absent	N/A	N/A	N/A	7.02%
Dec 8	C	Weak or Absent	N/A	N/A	N/A	7.02%
Dec 7	C	Weak or Absent	N/A	N/A	N/A	7.07%
Dec 6	C	Weak or Absent	N/A	N/A	N/A	8.56%
Dec 5	C	Weak or Absent	N/A	N/A	N/A	7.91%