Trend Table for XCEM - EGShares EM Core ex-China ETF

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
May 9	A	Weak or Absent	Up	Up	Up	3.71%
May 8	A	Weak or Absent	Up	Up	Up	3.44%
May 7	B	Weak or Absent	Up	Up	Up	3.67%
May 6	A	Weak or Absent	Up	Up	Up	3.04%
May 3	A	Weak or Absent	Up	Up	Up	3.31%
May 2	B	Weak or Absent	Up	Up	Up	4.35%
May 1	B	Weak or Absent	Up	Down	Up	5.75%
Apr 30	B	Weak or Absent	Up	Down	Up	5.82%
Apr 29	B	Weak or Absent	Up	Flat	Up	4.52%
Apr 26	C	Weak or Absent	Up	Down	Up	5.68%