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
Feb 28	B	Weak or Absent	Up	Up	Down	7.19%
Feb 27	B	Weak or Absent	Up	Up	Flat	6.41%
Feb 26	A	Weak or Absent	Up	Up	Flat	6.41%
Feb 23	A	Weak or Absent	Up	Up	Up	5.99%
Feb 22	A	Weak or Absent	Up	Up	Up	5.57%
Feb 21	A	Weak or Absent	Up	Up	Flat	6.37%
Feb 20	A	Weak or Absent	Up	Up	Up	6.13%
Feb 16	A	Weak or Absent	Up	Up	Up	6.55%
Feb 15	A	Weak or Absent	Up	Up	Up	6.41%
Feb 14	A	Weak or Absent	Up	Up	Up	6.76%