Trend Table for USML - ETRACS 2x Leveraged MSCI US Minimum Volatility Factor TR ETN

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Nov 17	C	Weak or Absent	Up	Up	Up	42.10%
Nov 15	C	Weak or Absent	Up	Up	Up	42.09%
Nov 14	C	Weak or Absent	Up	Up	Up	42.12%
Nov 8	D	Weak or Absent	Down	Flat	Up	45.24%
Nov 7	D	Weak or Absent	Down	Flat	Up	45.47%
Nov 6	D	Weak or Absent	Down	Flat	Up	45.36%
Nov 3	D	Weak or Absent	Down	Flat	Up	45.60%
Oct 31	C	Weak or Absent	Down	Down	Down	53.63%
Oct 27	C	Weak or Absent	Down	Down	Down	59.10%
Oct 19	C	Weak or Absent	Down	Down	Down	50.69%