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
Jan 30	B	Weak or Absent	Up	Up	Up	9.63%
Jan 29	B	Weak or Absent	Up	Up	Up	9.18%
Jan 26	B	Weak or Absent	Up	Up	Up	9.55%
Jan 25	B	Weak or Absent	Up	Up	Up	10.07%
Jan 24	B	Weak or Absent	Up	Up	Flat	10.30%
Jan 23	C	Weak or Absent	Up	Up	Flat	10.87%
Jan 22	C	Strong	Up	Up	Down	10.98%
Jan 19	C	Strong	Up	Up	Flat	10.45%
Jan 18	B	Strong	Up	Flat	Down	11.63%
Jan 17	C	Strong	Up	Down	Down	12.64%