Trend Table for QULL - ETRACS 2x Leveraged MSCI US Quality Factor TR ETN

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
May 31	A	Weak or Absent	Up	Up	Up	83.84%
May 22	B	Weak or Absent	Up	Up	Up	83.85%
May 19	B	Weak or Absent	Up	Up	Up	84.00%
May 16	C	Weak or Absent	Down	Up	Down	91.77%
May 1	B	Weak or Absent	Flat	Up	Up	84.25%
Apr 28	C	Weak or Absent	Down	Up	Up	85.38%
Apr 27	B	Weak or Absent	Down	Up	Up	89.11%
Apr 26	C	Weak or Absent	Down	Up	Down	97.61%
Apr 24	C	Weak or Absent	Down	Up	Up	88.59%
Apr 21	B	Weak or Absent	Down	Up	Up	88.89%