Trend Table for IPO - Renaissance IPO ETF

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
May 20	C	Weak or Absent	Up	Up	Up	15.12%
May 17	C	Weak or Absent	Up	Up	Up	16.34%
May 16	D	Weak or Absent	Up	Flat	Up	17.46%
May 15	C	Weak or Absent	Up	Up	Up	15.81%
May 14	D	Weak or Absent	Up	Down	Up	18.18%
May 13	D	Weak or Absent	Up	Down	Flat	19.93%
May 10	D	Weak or Absent	Up	Down	Flat	20.62%
May 9	D	Weak or Absent	Up	Down	Up	19.62%
May 8	D	Weak or Absent	Up	Down	Up	19.10%
May 7	D	Weak or Absent	Up	Down	Up	17.70%