Trend Table for FIAX - Nicholas Fixed Income Alternative ETF

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
May 23	B	Strong	Up	Up	Flat	5.17%
May 22	B	Strong	Up	Up	Flat	4.95%
May 21	B	Strong	Up	Up	Flat	4.90%
May 20	B	Strong	Up	Up	Flat	4.84%
May 17	B	Strong	Up	Up	Flat	4.94%
May 16	B	Strong	Up	Up	Up	4.84%
May 15	B	Weak or Absent	Up	Up	Up	4.68%
May 14	B	Weak or Absent	Up	Up	Flat	5.19%
May 13	C	Weak or Absent	Flat	Flat	Flat	5.48%
May 10	C	Weak or Absent	Flat	Flat	Flat	5.46%