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

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jul 20	A	Strong	Up	Up	Flat	8.72%
Jul 19	A	Strong	Up	Up	Up	8.09%
Jul 18	A	Weak or Absent	Up	Up	Up	7.32%
Jul 17	A	Weak or Absent	Up	Up	Up	7.36%
Jul 14	A	Weak or Absent	Up	Up	Up	8.27%
Jul 13	A	Weak or Absent	Up	Up	Up	7.94%
Jul 12	A	Weak or Absent	Up	Up	Up	9.05%
Jul 11	A	Weak or Absent	Up	Up	Up	10.54%
Jul 10	B	Weak or Absent	Up	Up	Flat	11.94%
Jul 7	B	Weak or Absent	Up	Up	Flat	11.82%