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
Jan 6	B	Weak or Absent	Down	Up	Up	41.94%
Jan 4	B	Weak or Absent	Down	Flat	Down	45.18%
Dec 28	C	Weak or Absent	Down	Down	Down	47.93%
Dec 27	B	Weak or Absent	Down	Flat	Down	45.13%
Dec 22	C	Weak or Absent	Down	Down	Down	46.99%
Dec 21	B	Weak or Absent	Down	Flat	Down	45.17%
Dec 19	C	Weak or Absent	Down	Down	Down	48.12%
Dec 15	C	Weak or Absent	Down	Up	Down	43.89%
Dec 13	C	Weak or Absent	Down	Up	Up	37.80%
Dec 9	C	Weak or Absent	Down	Up	Down	41.41%