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
Aug 1	D	Weak or Absent	Up	Down	Down	22.31%
Jul 31	D	Weak or Absent	Up	Down	Up	14.79%
Jul 30	D	Weak or Absent	Up	Down	Down	22.72%
Jul 29	D	Weak or Absent	Up	Down	Down	18.85%
Jul 26	D	Weak or Absent	Up	Down	Down	19.25%
Jul 25	D	Strong	Up	Down	Down	21.41%
Jul 24	D	Strong	Up	Down	Down	18.19%
Jul 23	C	Strong	Up	Up	Down	9.27%
Jul 22	C	Strong	Up	Up	Down	9.75%
Jul 19	D	Strong	Up	Down	Down	13.67%