Trend Table for HDG - ProShares Hedge Replication ETF

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jul 17	A	Weak or Absent	Up	Up	Up	1.71%
Jul 16	A	Weak or Absent	Up	Up	Up	1.41%
Jul 15	A	Weak or Absent	Up	Up	Up	2.23%
Jul 12	A	Weak or Absent	Up	Up	Up	2.49%
Jul 11	A	Weak or Absent	Up	Up	Up	2.85%
Jul 10	B	Weak or Absent	Up	Flat	Flat	3.52%
Jul 9	C	Weak or Absent	Up	Flat	Flat	3.96%
Jul 8	B	Weak or Absent	Up	Flat	Flat	3.80%
Jul 5	C	Weak or Absent	Up	Flat	Flat	3.99%
Jul 3	B	Weak or Absent	Up	Flat	Flat	3.75%