Trend Table for XCEM - EGShares EM Core ex-China ETF

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Nov 24	B	Strong	Up	Up	Flat	11.23%
Nov 22	B	Strong	Up	Up	Up	11.00%
Nov 21	B	Strong	Up	Up	Up	10.73%
Nov 20	B	Weak or Absent	Up	Up	Up	10.19%
Nov 17	B	Weak or Absent	Up	Up	Up	11.08%
Nov 16	A	Weak or Absent	Up	Up	Up	11.35%
Nov 15	A	Weak or Absent	Up	Up	Up	11.39%
Nov 14	A	Weak or Absent	Up	Up	Up	11.74%
Nov 13	A	Weak or Absent	Flat	Up	Up	14.76%
Nov 10	B	Weak or Absent	Up	Up	Up	14.10%