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 23	C	Weak or Absent	Up	Up	Up	34.91%
Jan 20	C	Weak or Absent	Up	Flat	Up	38.16%
Jan 19	D	Weak or Absent	Up	Flat	Up	38.86%
Jan 18	D	Weak or Absent	Flat	Down	Up	39.48%
Jan 17	C	Weak or Absent	Up	Up	Up	37.32%
Jan 13	C	Weak or Absent	Up	Up	Up	37.40%
Jan 12	C	Weak or Absent	Up	Up	Up	37.56%
Jan 11	D	Weak or Absent	Flat	Down	Up	40.27%
Jan 10	D	Weak or Absent	Down	Down	Up	41.62%
Jan 9	D	Weak or Absent	Down	Down	Up	42.26%