Trend Table for IWDL - ETRACS 2x Leveraged US Value Factor TR ETN

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
May 31	B	Weak or Absent	Up	Up	Flat	22.80%
May 30	C	Weak or Absent	Up	Down	Down	26.42%
May 29	C	Weak or Absent	Up	Down	Down	27.70%
May 28	C	Weak or Absent	Up	Flat	Down	24.72%
May 24	C	Weak or Absent	Up	Up	Down	23.03%
May 23	B	Weak or Absent	Up	Flat	Down	24.34%
May 22	B	Weak or Absent	Up	Up	Flat	20.98%
May 21	B	Weak or Absent	Up	Up	Up	19.93%
May 20	B	Weak or Absent	Up	Up	Up	20.26%
May 17	B	Weak or Absent	Up	Up	Up	19.44%