Trend Table for CEFD - ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jul 16	A	Strong	Up	Up	Up	5.61%
Jul 15	A	Strong	Up	Up	Up	6.04%
Jul 12	A	Strong	Up	Up	Up	6.28%
Jul 11	A	Strong	Up	Up	Up	6.70%
Jul 10	A	Strong	Up	Up	Up	7.17%
Jul 9	A	Strong	Up	Up	Up	7.97%
Jul 8	A	Strong	Up	Up	Up	7.96%
Jul 5	A	Strong	Up	Up	Up	7.96%
Jul 3	A	Strong	Up	Up	Up	8.15%
Jul 2	A	Strong	Up	Up	Up	8.92%