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
Feb 27	F	Weak or Absent	Down	Down	Down	98.63%
Feb 23	D	Weak or Absent	Down	Down	Down	96.43%
Feb 16	F	Weak or Absent	Down	Flat	Down	92.20%
Feb 7	F	Weak or Absent	Down	Flat	Down	91.32%
Feb 3	F	Weak or Absent	Down	Down	Down	96.65%
Jan 24	D	Weak or Absent	Down	Up	Down	86.88%
Jan 18	D	Weak or Absent	Down	Flat	Down	90.42%
Jan 9	C	Weak or Absent	Down	Up	Down	87.84%
Jan 3	B	Weak or Absent	Down	Up	Down	87.95%
Dec 30	B	Weak or Absent	Down	Up	Down	82.50%