Trend Table for IPO - Renaissance IPO ETF

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jul 26	B	Strong	Up	Up	Flat	19.43%
Jul 25	C	Strong	Up	Up	Flat	20.42%
Jul 24	C	Strong	Up	Up	Down	21.11%
Jul 21	C	Strong	Up	Up	Flat	21.05%
Jul 20	B	Strong	Up	Up	Flat	21.00%
Jul 19	B	Strong	Up	Up	Up	17.60%
Jul 18	B	Strong	Up	Up	Up	17.90%
Jul 17	B	Strong	Up	Up	Up	18.56%
Jul 14	B	Strong	Up	Up	Up	20.80%
Jul 13	B	Strong	Up	Up	Up	18.96%