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 10	B	Weak or Absent	Up	Up	Up	6.22%
May 9	B	Weak or Absent	Up	Up	Up	5.98%
May 8	B	Weak or Absent	Up	Up	Up	7.13%
May 7	B	Weak or Absent	Up	Up	Up	7.05%
May 6	B	Weak or Absent	Up	Up	Up	7.15%
May 3	B	Weak or Absent	Up	Flat	Flat	7.97%
May 2	B	Weak or Absent	Up	Down	Down	9.01%
May 1	B	Weak or Absent	Up	Down	Down	9.72%
Apr 30	B	Weak or Absent	Up	Flat	Down	8.93%
Apr 29	A	Weak or Absent	Up	Up	Up	6.25%