Trend Table for IPO - Renaissance IPO ETF

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
May 26	B	Weak or Absent	Up	Up	Down	45.97%
May 25	B	Weak or Absent	Up	Up	Down	48.21%
May 24	A	Weak or Absent	Up	Up	Flat	43.94%
May 23	A	Weak or Absent	Up	Up	Up	43.19%
May 22	B	Weak or Absent	Up	Up	Up	41.89%
May 19	B	Weak or Absent	Up	Up	Up	43.74%
May 18	B	Weak or Absent	Up	Up	Up	41.54%
May 17	B	Weak or Absent	Up	Up	Up	44.62%
May 16	A	Weak or Absent	Up	Up	Up	46.83%
May 15	B	Weak or Absent	Up	Up	Up	44.62%