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

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
May 22	A	Weak or Absent	Up	Up	Up	15.07%
May 19	A	Weak or Absent	Up	Up	Up	15.36%
May 18	A	Weak or Absent	Up	Up	Up	15.78%
May 17	A	Weak or Absent	Up	Up	Up	15.53%
May 16	B	Weak or Absent	Up	Up	Down	17.37%
May 15	A	Weak or Absent	Up	Up	Flat	16.50%
May 12	B	Weak or Absent	Up	Up	Flat	17.41%
May 11	B	Weak or Absent	Up	Up	Down	17.41%
May 10	A	Weak or Absent	Up	Up	Up	16.16%
May 9	A	Weak or Absent	Up	Up	Up	16.12%