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 1	C	Weak or Absent	N/A	Flat	Flat	7.79%
Apr 30	A	Weak or Absent	N/A	Flat	Flat	7.30%
Apr 29	B	Strong	N/A	Up	Up	6.58%
Apr 26	A	Strong	N/A	Up	Up	6.68%
Apr 25	A	Strong	N/A	Flat	Flat	7.63%
Apr 24	A	Strong	N/A	Flat	Flat	7.26%
Apr 23	A	Strong	N/A	Up	Flat	7.20%
Apr 22	B	Strong	N/A	Down	Down	8.53%
Apr 18	B	Strong	N/A	Down	Down	8.58%
Apr 17	C	Strong	N/A	Flat	Down	8.30%