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 29	B	Weak or Absent	Down	Up	Down	82.37%
Dec 28	B	Weak or Absent	Down	Up	Down	84.23%
Dec 27	B	Weak or Absent	Down	Up	Down	80.39%
Dec 22	C	Weak or Absent	Down	Up	Down	84.57%
Dec 16	C	Weak or Absent	Down	Up	Down	85.40%
Dec 14	D	Weak or Absent	Down	Up	Down	78.95%
Dec 8	D	Weak or Absent	Down	Up	Down	76.53%
Dec 7	D	Weak or Absent	Down	Up	Down	76.63%
Dec 2	C	Weak or Absent	Down	Up	Up	69.39%
Dec 1	D	Weak or Absent	Down	Up	Up	70.55%