Trend Table for IPO - Renaissance IPO ETF

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Dec 11	B	Strong	Up	Up	Up	31.94%
Dec 8	B	Strong	Up	Up	Up	31.82%
Dec 7	B	Strong	Up	Up	Up	33.58%
Dec 6	B	Strong	Up	Up	Flat	35.30%
Dec 5	B	Strong	Up	Up	Up	33.85%
Dec 4	B	Strong	Up	Up	Up	33.00%
Nov 30	B	Weak or Absent	Up	Up	Up	36.71%
Nov 29	B	Weak or Absent	Up	Up	Up	35.94%
Nov 28	B	Weak or Absent	Up	Up	Up	36.91%
Nov 27	B	Weak or Absent	Up	Up	Up	38.43%