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
Dec 19	A	Strong	Up	Up	Up	23.89%
Dec 18	A	Strong	Up	Up	Up	24.48%
Dec 15	A	Strong	Up	Up	Up	24.61%
Dec 14	A	Strong	Up	Up	Up	24.48%
Dec 13	B	Strong	Up	Up	Flat	26.00%
Dec 12	A	Strong	Up	Up	Flat	26.54%
Dec 11	A	Strong	Up	Up	Up	25.67%
Dec 8	A	Strong	Up	Up	Up	26.07%
Dec 7	A	Strong	Up	Up	Up	25.84%
Dec 6	A	Strong	Up	Up	Up	27.02%