Trend Table for PUTD - CBOE Validus S&P 500 Dynamic PutWrite Index ETF

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
May 24	A	Strong	N/A	Up	Flat	0.00%
May 21	A	Strong	N/A	Up	Up	-0.05%
May 20	A	Strong	N/A	Up	Up	0.01%
May 17	A	Strong	N/A	Up	Up	0.32%
May 16	A	Strong	N/A	Up	Up	0.20%
May 15	A	Weak or Absent	N/A	Up	Up	0.28%
May 14	A	Weak or Absent	N/A	Up	Up	0.58%
May 13	A	Weak or Absent	N/A	Up	Up	0.74%
May 8	A	Weak or Absent	N/A	Up	Up	1.03%
May 7	A	Weak or Absent	N/A	Up	Up	1.09%