Trend Table for IWML - ETRACS 2x Leveraged US Size Factor TR ETN

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
May 16	C	Weak or Absent	Up	Up	Up	9.09%
May 15	B	Weak or Absent	Up	Up	Up	7.81%
May 14	C	Weak or Absent	Up	Up	Up	10.11%
May 13	C	Weak or Absent	Up	Up	Up	12.45%
May 10	C	Weak or Absent	Up	Up	Up	12.94%
May 9	C	Weak or Absent	Up	Up	Up	11.41%
May 7	C	Weak or Absent	Up	Up	Up	12.20%
May 3	D	Weak or Absent	Up	Down	Up	15.38%
May 2	C	Weak or Absent	Up	Down	Up	17.63%
May 1	C	Weak or Absent	Up	Down	Flat	22.20%