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

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Aug 14	C	Weak or Absent	Up	Up	Up	-2.30%
Aug 13	C	Weak or Absent	Up	Up	Up	-2.18%
Aug 12	C	Weak or Absent	Up	Flat	Up	-1.16%
Aug 9	C	Weak or Absent	Up	Flat	Up	-0.92%
Aug 8	C	Strong	Up	Down	Flat	-0.06%
Aug 7	C	Weak or Absent	Up	Down	Down	2.31%
Aug 6	C	Weak or Absent	Up	Down	Down	3.09%
Aug 5	C	Weak or Absent	Flat	Down	Down	4.03%
Aug 2	C	Weak or Absent	Up	Down	Down	0.00%
Aug 1	B	Weak or Absent	Up	Up	Flat	-1.84%