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 30	B	Weak or Absent	Up	Up	Down	16.34%
May 29	A	Weak or Absent	Up	Up	Down	15.21%
May 28	A	Weak or Absent	Up	Up	Up	13.53%
May 24	A	Weak or Absent	Up	Up	Up	13.78%
May 23	A	Weak or Absent	Up	Up	Flat	15.38%
May 22	A	Weak or Absent	Up	Up	Up	14.94%
May 21	A	Weak or Absent	Up	Up	Up	13.99%
May 20	B	Weak or Absent	Up	Up	Up	14.27%
May 17	B	Weak or Absent	Up	Up	Up	14.97%
May 16	B	Weak or Absent	Up	Up	Up	14.63%