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 13	A	Weak or Absent	Up	Up	Up	18.30%
Dec 12	A	Weak or Absent	Up	Up	Flat	20.86%
Dec 11	A	Weak or Absent	Up	Up	Up	20.07%
Dec 8	A	Weak or Absent	Up	Up	Up	20.60%
Dec 7	A	Weak or Absent	Up	Up	Up	21.11%
Dec 6	A	Weak or Absent	Up	Up	Flat	22.10%
Dec 5	A	Weak or Absent	Up	Up	Up	21.62%
Dec 4	A	Weak or Absent	Up	Up	Up	20.39%
Dec 1	A	Weak or Absent	Up	Up	Up	20.39%
Nov 30	A	Weak or Absent	Up	Up	Flat	23.10%