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 16	B	Weak or Absent	Flat	Flat	Flat	39.56%
May 15	B	Weak or Absent	Flat	Flat	Flat	39.49%
May 12	C	Weak or Absent	Flat	Down	Down	40.44%
May 11	C	Weak or Absent	Down	Down	Down	40.96%
May 10	C	Weak or Absent	Flat	Flat	Down	39.54%
May 9	B	Weak or Absent	Up	Flat	Flat	38.71%
May 8	A	Weak or Absent	Up	Up	Flat	38.36%
May 5	B	Weak or Absent	Up	Up	Flat	38.48%
May 4	C	Weak or Absent	Flat	Down	Down	40.36%
May 3	B	Weak or Absent	Flat	Flat	Down	39.37%