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 23	C	Strong	Down	Down	Down	29.27%
Dec 22	C	Strong	Down	Down	Down	29.87%
Dec 21	D	Strong	Down	Down	Down	29.22%
Dec 20	C	Strong	Down	Down	Down	30.08%
Dec 19	D	Strong	Down	Down	Down	29.34%
Dec 16	C	Strong	Down	Up	Down	27.23%
Dec 15	C	Strong	Down	Up	Down	26.05%
Dec 14	C	Strong	Down	Up	Down	24.83%
Dec 13	D	Strong	Down	Up	Down	23.84%
Dec 12	C	Strong	Down	Up	Down	25.53%