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
May 16	B	Weak or Absent	Up	Up	Up	11.69%
May 15	B	Weak or Absent	Up	Up	Up	10.95%
May 14	B	Weak or Absent	Up	Up	Up	12.07%
May 13	B	Weak or Absent	Up	Up	Up	13.02%
May 10	B	Weak or Absent	Up	Up	Up	13.08%
May 9	B	Weak or Absent	Up	Up	Up	12.81%
May 8	C	Weak or Absent	Up	Up	Up	13.62%
May 7	C	Weak or Absent	Up	Up	Up	13.35%
May 6	C	Weak or Absent	Up	Up	Up	13.89%
May 3	C	Weak or Absent	Up	Up	Up	14.90%