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 3	D	Weak or Absent	Down	Down	Down	45.57%
May 2	D	Weak or Absent	Down	Down	Down	43.83%
May 1	D	Weak or Absent	Flat	Down	Down	40.84%
Apr 28	C	Weak or Absent	Flat	Down	Down	40.75%
Apr 27	D	Weak or Absent	Down	Down	Down	42.82%
Apr 26	D	Weak or Absent	Down	Down	Down	42.82%
Apr 25	C	Weak or Absent	Flat	Down	Down	40.37%
Apr 24	C	Weak or Absent	Up	Flat	Flat	38.21%
Apr 21	C	Weak or Absent	Up	Down	Down	40.20%
Apr 20	C	Weak or Absent	Up	Flat	Flat	37.81%