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

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Sep 27	B	Weak or Absent	Up	Up	Up	-5.76%
Sep 26	A	Weak or Absent	Up	Up	Up	-7.10%
Sep 25	A	Weak or Absent	Up	Up	Up	-5.22%
Sep 24	A	Weak or Absent	Up	Up	Up	-6.19%
Sep 23	B	Weak or Absent	Up	Up	Up	-4.33%
Sep 20	B	Weak or Absent	Up	Up	Up	-3.89%
Sep 19	B	Weak or Absent	Up	Up	Up	-4.42%
Sep 18	C	Weak or Absent	Up	Flat	Up	-2.82%
Sep 17	C	Weak or Absent	Up	Flat	Up	-2.85%
Sep 16	C	Weak or Absent	Up	Up	Up	-3.29%