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
Dec 27	B	Strong	Up	Up	Up	12.99%
Dec 26	B	Strong	Up	Up	Up	12.88%
Dec 22	B	Strong	Up	Up	Up	13.61%
Dec 21	B	Strong	Up	Up	Up	13.94%
Dec 20	A	Strong	Up	Up	Up	14.85%
Dec 19	A	Strong	Up	Up	Up	13.08%
Dec 18	B	Strong	Up	Up	Up	15.07%
Dec 15	A	Strong	Up	Up	Up	14.81%
Dec 14	A	Weak or Absent	Up	Up	Up	14.11%
Dec 13	A	Weak or Absent	Up	Up	Up	18.27%