Trend Table for IPO - Renaissance IPO ETF

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Aug 15	C	Strong	Up	Up	Up	14.84%
Aug 14	C	Strong	Up	Down	Up	18.13%
Aug 13	C	Strong	Up	Down	Up	18.77%
Aug 12	C	Strong	Up	Down	Flat	21.41%
Aug 9	C	Strong	Up	Down	Flat	21.08%
Aug 8	D	Strong	Up	Down	Down	21.78%
Aug 7	D	Strong	Down	Down	Down	26.51%
Aug 6	D	Strong	Down	Down	Down	24.84%
Aug 5	D	Strong	Down	Down	Down	28.78%
Aug 2	D	Weak or Absent	Down	Down	Down	24.57%