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 15	B	Weak or Absent	Up	Up	Up	13.89%
May 13	C	Weak or Absent	Up	Up	Up	18.59%
May 10	C	Weak or Absent	Up	Up	Up	18.26%
May 9	C	Weak or Absent	Up	Up	Up	19.17%
May 6	C	Weak or Absent	Up	Flat	Up	20.82%
May 3	C	Weak or Absent	Up	Down	Up	23.80%
May 2	D	Weak or Absent	Up	Down	Flat	27.07%
May 1	D	Weak or Absent	Up	Down	Down	28.55%
Apr 30	C	Weak or Absent	Up	Down	Flat	27.13%
Apr 29	C	Weak or Absent	Up	Down	Up	24.11%