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 16	B	Weak or Absent	Up	Up	Up	19.68%
May 15	B	Weak or Absent	Up	Up	Up	19.60%
May 13	C	Weak or Absent	Up	Up	Up	22.55%
May 10	C	Weak or Absent	Up	Up	Up	22.17%
May 9	C	Weak or Absent	Up	Up	Up	22.59%
May 8	C	Weak or Absent	Up	Up	Up	24.62%
May 3	C	Weak or Absent	Up	Down	Flat	27.54%
May 2	D	Weak or Absent	Up	Down	Down	29.06%
May 1	C	Weak or Absent	Up	Down	Down	30.16%
Apr 30	C	Weak or Absent	Up	Down	Down	29.42%