Trend Table for AFSM - Active Factor Small Cap ETF

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jul 18	B	Weak or Absent	Up	Up	Up	8.63%
Jul 17	B	Weak or Absent	Up	Up	Up	7.37%
Jul 16	A	Weak or Absent	Up	Up	Up	6.11%
Jul 15	C	Weak or Absent	Up	Up	Up	9.79%
Jul 12	C	Weak or Absent	Up	Up	Up	11.20%
Jul 11	C	Weak or Absent	Up	Up	Up	12.26%
Jul 10	D	Weak or Absent	Up	Down	Flat	15.83%
Jul 9	D	Weak or Absent	Up	Down	Down	16.98%
Jul 8	C	Weak or Absent	Up	Down	Flat	16.07%
Jul 5	D	Weak or Absent	Up	Down	Flat	16.55%