Trend Table for IPO - Renaissance IPO ETF

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Dec 14	A	Strong	Up	Up	Up	13.29%
Dec 13	B	Strong	Up	Up	Up	15.83%
Dec 12	B	Strong	Up	Up	Up	19.61%
Dec 11	B	Strong	Up	Up	Up	19.68%
Dec 8	B	Strong	Up	Up	Up	19.57%
Dec 7	B	Strong	Up	Up	Up	21.16%
Dec 6	B	Strong	Up	Up	Flat	22.73%
Dec 5	B	Strong	Up	Up	Up	21.41%
Dec 4	B	Strong	Up	Up	Up	20.64%
Dec 1	B	Strong	Up	Up	Up	19.68%