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
Dec 21	C	Strong	Up	Up	Up	23.25%
Dec 20	C	Strong	Up	Up	Flat	24.00%
Dec 19	C	Weak or Absent	Up	Up	Up	22.56%
Dec 18	C	Weak or Absent	Up	Up	Up	22.98%
Dec 15	C	Weak or Absent	Up	Up	Up	22.75%
Dec 14	C	Strong	Up	Up	Up	22.67%
Dec 13	C	Strong	Up	Up	Up	24.24%
Dec 12	C	Strong	Up	Up	Flat	26.86%
Dec 11	C	Strong	Up	Up	Flat	26.93%
Dec 8	C	Strong	Up	Up	Up	26.58%