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
Jan 16	B	Strong	Up	Up	Down	16.77%
Jan 12	C	Strong	Up	Up	Down	15.57%
Jan 11	B	Strong	Up	Up	Down	15.22%
Jan 10	B	Strong	Up	Up	Down	15.34%
Jan 9	B	Strong	Up	Up	Down	15.02%
Jan 5	B	Strong	Up	Up	Down	15.57%
Jan 3	B	Strong	Up	Up	Down	15.71%
Jan 2	A	Strong	Up	Up	Flat	14.00%
Dec 29	B	Strong	Up	Up	Flat	14.00%
Dec 28	B	Strong	Up	Up	Flat	13.55%