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 6	D	Strong	Down	Down	Up	42.65%
Jan 5	D	Strong	Down	Down	Down	47.16%
Jan 4	D	Strong	Down	Down	Down	47.81%
Jan 3	D	Weak or Absent	Down	Down	Down	45.79%
Dec 30	D	Weak or Absent	Down	Down	Down	46.18%
Dec 29	D	Weak or Absent	Down	Down	Down	45.97%
Dec 28	C	Weak or Absent	Down	Down	Down	46.38%
Dec 27	C	Weak or Absent	Down	Down	Up	41.19%
Dec 23	C	Weak or Absent	Down	Down	Up	41.66%
Dec 22	D	Weak or Absent	Down	Down	Down	44.49%