Trend Table for CEFS - Exchange Listed Funds Trust ETF

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
May 14	A	Strong	Up	Up	Up	10.30%
May 13	A	Strong	Up	Up	Up	10.79%
May 10	A	Strong	Up	Up	Up	10.63%
May 9	A	Strong	Up	Up	Up	11.44%
May 8	A	Weak or Absent	Up	Up	Up	11.38%
May 7	A	Weak or Absent	Up	Up	Up	11.77%
May 6	A	Weak or Absent	Up	Up	Up	12.71%
May 3	B	Weak or Absent	Up	Up	Up	13.49%
May 2	B	Weak or Absent	Up	Up	Up	14.12%
May 1	B	Weak or Absent	Up	Flat	Flat	15.04%