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
May 16	B	Strong	Up	Up	Up	12.66%
May 15	B	Strong	Up	Up	Up	12.59%
May 14	B	Strong	Up	Up	Up	13.68%
May 13	B	Strong	Up	Up	Up	14.10%
May 10	C	Strong	Up	Up	Up	14.04%
May 9	C	Strong	Up	Up	Up	13.75%
May 8	C	Strong	Up	Up	Up	14.16%
May 7	C	Strong	Up	Up	Up	14.05%
May 6	C	Strong	Up	Up	Up	14.39%
May 3	B	Weak or Absent	Up	Flat	Up	15.26%