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
Dec 20	B	Strong	Up	Up	Up	42.16%
Dec 19	B	Strong	Up	Up	Up	37.99%
Dec 18	B	Strong	Up	Up	Up	39.97%
Dec 15	B	Strong	Up	Up	Up	40.48%
Dec 14	B	Strong	Up	Up	Up	39.05%
Dec 13	B	Weak or Absent	Up	Up	Up	42.50%
Dec 12	B	Weak or Absent	Up	Up	Up	47.22%
Dec 8	B	Weak or Absent	Up	Up	Up	49.21%
Dec 7	C	Weak or Absent	Up	Up	Up	50.42%
Dec 4	C	Weak or Absent	Up	Up	Up	48.08%