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
Jul 22	A	Weak or Absent	Up	Up	Up	4.81%
Jul 19	C	Weak or Absent	Up	Up	Up	5.84%
Jul 18	B	Weak or Absent	Up	Up	Up	4.96%
Jul 17	B	Weak or Absent	Up	Up	Up	4.04%
Jul 16	B	Weak or Absent	Up	Up	Up	3.33%
Jul 15	C	Weak or Absent	Up	Up	Up	6.16%
Jul 12	C	Weak or Absent	Up	Flat	Up	6.60%
Jul 11	D	Weak or Absent	Up	Flat	Up	7.12%
Jul 10	D	Weak or Absent	Up	Down	Flat	9.16%
Jul 9	D	Weak or Absent	Up	Down	Down	9.92%