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
Feb 1	A	Strong	Up	Up	Up	12.77%
Jan 31	A	Strong	Up	Up	Up	13.75%
Jan 30	A	Strong	Up	Up	Up	12.17%
Jan 29	A	Strong	Up	Up	Up	13.11%
Jan 26	A	Strong	Up	Up	Up	13.38%
Jan 25	A	Strong	Up	Up	Up	13.97%
Jan 24	B	Strong	Up	Up	Flat	15.89%
Jan 23	B	Strong	Up	Up	Flat	15.89%
Jan 18	B	Strong	Up	Up	Flat	16.12%
Jan 17	B	Strong	Up	Up	Down	17.69%