Trend Table for MTUL - ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Dec 20	D	Weak or Absent	Down	Up	Up	67.04%
Dec 14	D	Weak or Absent	Down	Up	Up	68.77%
Nov 30	D	Weak or Absent	Down	Up	Up	76.94%
Nov 27	D	Weak or Absent	Down	Up	Up	75.16%
Nov 22	C	Weak or Absent	Down	Up	Up	73.92%
Nov 21	D	Weak or Absent	Down	Up	Up	74.75%
Nov 17	D	Weak or Absent	Down	Up	Up	76.69%
Nov 13	C	Weak or Absent	Down	Up	Up	82.33%
Nov 2	D	Weak or Absent	Down	Down	Flat	95.73%
Nov 1	D	Weak or Absent	Down	Down	Down	103.28%