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

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
May 3	A	Weak or Absent	Up	Up	Up	0.80%
May 2	B	Weak or Absent	Up	Up	Up	1.82%
May 1	B	Weak or Absent	Up	Down	Up	3.19%
Apr 30	B	Weak or Absent	Up	Down	Up	3.26%
Apr 29	B	Weak or Absent	Up	Flat	Up	1.98%
Apr 26	C	Weak or Absent	Up	Down	Up	3.12%
Apr 25	B	Weak or Absent	Up	Down	Flat	3.94%
Apr 24	C	Weak or Absent	Up	Down	Flat	4.18%
Apr 23	D	Strong	Up	Down	Down	4.18%
Apr 22	C	Strong	Up	Down	Down	4.95%