Trend Table for IPO - Renaissance IPO ETF

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
May 6	D	Weak or Absent	Up	Down	Up	18.00%
May 3	D	Weak or Absent	Up	Down	Up	19.78%
May 2	C	Weak or Absent	Up	Down	Up	21.23%
May 1	D	Weak or Absent	Up	Down	Down	24.00%
Apr 30	D	Weak or Absent	Up	Down	Down	24.13%
Apr 29	C	Weak or Absent	Up	Down	Up	21.13%
Apr 26	C	Weak or Absent	Up	Down	Up	20.56%
Apr 25	D	Weak or Absent	Up	Down	Flat	23.17%
Apr 24	D	Weak or Absent	Up	Down	Flat	22.55%
Apr 23	D	Weak or Absent	Up	Down	Flat	21.64%