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 2	A	Strong	Up	Up	Flat	7.80%
Dec 29	A	Strong	Up	Up	Up	6.84%
Dec 28	A	Strong	Up	Up	Up	6.70%
Dec 27	A	Strong	Up	Up	Up	7.02%
Dec 26	A	Strong	Up	Up	Up	7.80%
Dec 22	A	Strong	Up	Up	Up	8.71%
Dec 21	A	Strong	Up	Up	Up	8.96%
Dec 20	A	Strong	Up	Up	Up	10.41%
Dec 19	A	Strong	Up	Up	Up	9.18%
Dec 18	A	Strong	Up	Up	Up	9.78%