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
Jul 9	A	Strong	Up	Up	Up	5.82%
Jul 8	A	Strong	Up	Up	Up	5.89%
Jul 5	A	Strong	Up	Up	Up	5.45%
Jul 3	A	Strong	Up	Up	Flat	6.87%
Jul 1	B	Strong	Up	Up	Down	8.73%
Jun 28	B	Strong	Up	Up	Down	8.62%
Jun 27	A	Strong	Up	Up	Flat	7.48%
Jun 25	A	Strong	Up	Up	Up	6.77%
Jun 24	A	Strong	Up	Up	Up	7.61%
Jun 21	A	Strong	Up	Up	Up	6.85%