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
Jun 24	A	Weak or Absent	Up	Up	Up	1.45%
Jun 21	A	Weak or Absent	Up	Up	Up	1.16%
Jun 20	A	Weak or Absent	Up	Up	Up	0.88%
Jun 18	A	Weak or Absent	Up	Up	Up	1.18%
Jun 17	A	Weak or Absent	Up	Up	Up	2.45%
Jun 14	A	Weak or Absent	Up	Up	Up	3.11%
Jun 13	A	Weak or Absent	Up	Up	Up	3.14%
Jun 12	B	Weak or Absent	Up	Up	Up	2.94%
Jun 11	C	Weak or Absent	Up	Flat	Flat	4.31%
Jun 10	C	Weak or Absent	Up	Flat	Up	3.71%