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

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Dec 19	A	Strong	N/A	Up	Up	16.54%
Dec 18	A	Strong	N/A	Up	Up	16.74%
Dec 15	A	Strong	N/A	Up	Up	16.88%
Dec 13	A	Strong	N/A	Up	Up	17.21%
Dec 11	A	Strong	N/A	Up	Flat	17.68%
Dec 8	A	Strong	N/A	Up	Flat	17.80%
Dec 7	A	Weak or Absent	N/A	Up	Flat	18.02%
Dec 6	A	Weak or Absent	N/A	Up	Flat	18.31%
Dec 5	A	Weak or Absent	N/A	Up	Flat	18.24%
Dec 4	A	Weak or Absent	N/A	Up	Flat	18.25%