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 13	B	Weak or Absent	Up	Up	Down	8.53%
Feb 12	A	Weak or Absent	Up	Up	Up	6.35%
Feb 9	A	Weak or Absent	Up	Up	Up	6.88%
Feb 8	A	Weak or Absent	Up	Up	Up	7.23%
Feb 7	A	Weak or Absent	Up	Up	Up	6.84%
Feb 6	A	Weak or Absent	Up	Up	Up	7.48%
Feb 5	B	Weak or Absent	Up	Up	Up	8.49%
Feb 2	B	Weak or Absent	Up	Up	Up	8.53%
Feb 1	B	Weak or Absent	Up	Up	Up	8.68%
Jan 31	B	Weak or Absent	Up	Flat	Flat	10.09%