Trend Table for IPO - Renaissance IPO ETF

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Aug 5	D	Strong	Down	Down	Down	17.17%
Aug 2	D	Weak or Absent	Down	Down	Down	13.34%
Aug 1	C	Weak or Absent	Up	Down	Down	8.93%
Jul 31	D	Weak or Absent	Up	Flat	Down	4.30%
Jul 30	D	Weak or Absent	Up	Down	Down	6.17%
Jul 29	D	Weak or Absent	Up	Flat	Down	4.69%
Jul 26	C	Weak or Absent	Up	Up	Down	3.75%
Jul 25	C	Weak or Absent	Up	Down	Down	5.37%
Jul 24	C	Weak or Absent	Up	Down	Down	5.05%
Jul 23	B	Weak or Absent	Up	Up	Flat	0.79%