Trend Table for PUTD - CBOE Validus S&P 500 Dynamic PutWrite Index ETF

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Feb 23	A	Strong	N/A	Up	Up	8.14%
Feb 22	A	Strong	N/A	Up	Up	8.29%
Feb 21	A	Strong	N/A	Up	Flat	9.44%
Feb 20	A	Strong	N/A	Up	Flat	9.65%
Feb 16	A	Very Strong	N/A	Up	Flat	9.19%
Feb 15	A	Very Strong	N/A	Up	Flat	9.06%
Feb 14	A	Strong	N/A	Up	Flat	9.26%
Feb 12	A	Strong	N/A	Up	Flat	9.34%
Feb 9	A	Strong	N/A	Up	Flat	9.34%
Feb 8	A	Strong	N/A	Up	Flat	9.39%