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
Mar 13	A	Weak or Absent	Up	Up	Up	3.77%
Mar 12	A	Weak or Absent	Up	Up	Up	3.64%
Mar 11	B	Weak or Absent	Up	Up	Up	4.51%
Mar 8	A	Weak or Absent	Up	Up	Up	4.17%
Mar 7	A	Weak or Absent	Up	Up	Up	3.84%
Mar 6	A	Weak or Absent	Up	Up	Up	4.92%
Mar 5	B	Weak or Absent	Up	Up	Flat	6.41%
Mar 4	A	Weak or Absent	Up	Up	Up	5.50%
Mar 1	A	Weak or Absent	Up	Up	Flat	5.81%
Feb 29	B	Weak or Absent	Up	Up	Down	6.94%