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 17	C	Strong	Up	Down	Down	12.64%
Jan 16	B	Strong	Up	Up	Down	11.48%
Jan 12	C	Strong	Up	Up	Flat	8.78%
Jan 11	B	Strong	Up	Up	Down	9.29%
Jan 10	B	Strong	Up	Up	Down	9.48%
Jan 9	B	Strong	Up	Up	Down	9.40%
Jan 8	A	Strong	Up	Up	Flat	7.62%
Jan 5	A	Strong	Up	Up	Flat	8.49%
Jan 4	B	Strong	Up	Up	Down	9.00%
Jan 3	B	Strong	Up	Up	Down	9.11%