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 9	B	Weak or Absent	Flat	Flat	Up	15.60%
Nov 8	B	Weak or Absent	Flat	Up	Up	14.80%
Nov 7	B	Weak or Absent	Up	Up	Up	14.10%
Nov 6	B	Weak or Absent	Up	Up	Up	13.54%
Nov 3	B	Weak or Absent	Up	Up	Up	14.52%
Nov 2	C	Weak or Absent	Down	Flat	Up	16.31%
Nov 1	B	Weak or Absent	Down	Down	Up	18.92%
Oct 31	C	Weak or Absent	Down	Down	Down	20.68%
Oct 30	C	Weak or Absent	Down	Down	Down	20.50%
Oct 27	B	Weak or Absent	Down	Down	Down	21.60%