Trend Table for IPO - Renaissance IPO ETF

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Dec 29	B	Strong	Up	Up	Flat	11.00%
Dec 28	A	Strong	Up	Up	Up	8.97%
Dec 27	A	Strong	Up	Up	Up	9.09%
Dec 26	B	Strong	Up	Up	Up	10.52%
Dec 22	B	Strong	Up	Up	Up	10.81%
Dec 21	B	Strong	Up	Up	Up	11.59%
Dec 20	B	Strong	Up	Up	Up	13.83%
Dec 19	A	Strong	Up	Up	Up	10.64%
Dec 18	A	Strong	Up	Up	Up	13.49%
Dec 15	B	Strong	Up	Up	Up	14.02%