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 21	D	Weak or Absent	Down	Down	Up	41.49%
Dec 20	D	Weak or Absent	Down	Down	Down	44.45%
Dec 19	D	Weak or Absent	Down	Down	Down	45.61%
Dec 16	D	Weak or Absent	Down	Down	Down	44.09%
Dec 15	D	Weak or Absent	Down	Down	Down	42.61%
Dec 14	D	Weak or Absent	Down	Down	Down	40.52%
Dec 13	C	Weak or Absent	Flat	Flat	Down	39.06%
Dec 12	D	Weak or Absent	Down	Down	Down	41.28%
Dec 9	D	Weak or Absent	Down	Down	Down	43.13%
Dec 8	D	Weak or Absent	Down	Flat	Down	40.73%