Trend Table for QVAL - ValueShares U.S. Quantitative Value ETF

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
May 24	B	Weak or Absent	Up	Up	Flat	5.74%
May 23	C	Weak or Absent	Up	Flat	Down	6.63%
May 22	C	Weak or Absent	Up	Up	Flat	5.67%
May 21	B	Weak or Absent	Up	Up	Up	4.78%
May 20	B	Weak or Absent	Up	Up	Up	4.86%
May 17	B	Weak or Absent	Up	Up	Up	4.91%
May 16	B	Weak or Absent	Up	Up	Up	5.43%
May 15	B	Weak or Absent	Up	Up	Up	4.48%
May 14	B	Weak or Absent	Up	Up	Up	5.29%
May 13	C	Weak or Absent	Up	Up	Up	5.99%