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
Jul 14	B	Weak or Absent	Up	Up	Up	29.43%
Jul 13	B	Weak or Absent	Up	Up	Up	29.06%
Jul 12	B	Weak or Absent	Up	Up	Up	29.61%
Jul 11	B	Weak or Absent	Up	Up	Up	30.99%
Jul 10	A	Weak or Absent	Up	Up	Up	31.56%
Jul 7	A	Weak or Absent	Up	Up	Flat	32.41%
Jul 6	A	Weak or Absent	Up	Up	Flat	32.27%
Jul 5	A	Weak or Absent	Up	Up	Up	30.58%
Jul 3	B	Weak or Absent	Up	Up	Up	31.06%
Jun 30	B	Weak or Absent	Up	Up	Flat	32.41%