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 31	B	Weak or Absent	Up	Flat	Flat	39.27%
May 30	B	Weak or Absent	Up	Flat	Flat	38.83%
May 26	A	Weak or Absent	Up	Up	Up	37.88%
May 25	C	Weak or Absent	Flat	Down	Down	40.26%
May 24	C	Weak or Absent	Flat	Flat	Down	40.10%
May 23	A	Weak or Absent	Up	Up	Up	37.90%
May 22	A	Weak or Absent	Up	Up	Up	37.66%
May 19	A	Weak or Absent	Up	Up	Up	38.29%
May 18	A	Weak or Absent	Up	Up	Up	37.71%
May 17	A	Weak or Absent	Up	Up	Up	37.90%