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
Sep 4	C	Weak or Absent	Up	Down	Down	0.38%
Aug 30	C	Weak or Absent	Up	Up	Flat	-1.64%
Aug 29	C	Weak or Absent	Up	Up	Flat	-1.70%
Aug 28	C	Weak or Absent	Up	Up	Flat	-1.82%
Aug 27	B	Weak or Absent	Up	Up	Up	-2.33%
Aug 26	B	Weak or Absent	Up	Up	Flat	-2.03%
Aug 23	B	Weak or Absent	Up	Up	Up	-2.83%
Aug 22	B	Weak or Absent	Up	Up	Flat	-0.93%
Aug 21	B	Weak or Absent	Up	Up	Up	-2.50%
Aug 20	A	Weak or Absent	Up	Up	Up	-2.36%