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
May 16	A	Strong	N/A	Up	Up	3.76%
May 15	A	Weak or Absent	N/A	Up	Up	3.84%
May 14	A	Weak or Absent	N/A	Up	Up	4.15%
May 13	A	Weak or Absent	N/A	Up	Up	4.32%
May 8	A	Weak or Absent	N/A	Up	Up	4.61%
May 7	A	Weak or Absent	N/A	Up	Up	4.68%
May 6	A	Weak or Absent	N/A	Up	Up	4.83%
May 3	A	Weak or Absent	N/A	Up	Up	5.23%
May 2	B	Weak or Absent	N/A	Flat	Flat	6.47%
May 1	C	Weak or Absent	N/A	Flat	Flat	7.01%