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
Jan 6	C	Weak or Absent	Down	Up	Up	43.48%
Jan 5	C	Weak or Absent	Down	Down	Flat	47.22%
Jan 4	C	Weak or Absent	Down	Down	Flat	47.22%
Jan 3	D	Weak or Absent	Down	Down	Flat	47.90%
Dec 30	D	Weak or Absent	Down	Down	Flat	47.42%
Dec 29	D	Weak or Absent	Down	Down	Down	47.47%
Dec 28	C	Weak or Absent	Down	Down	Down	48.16%
Dec 27	D	Weak or Absent	Down	Down	Down	48.25%
Dec 23	C	Weak or Absent	Down	Down	Down	46.88%
Dec 22	C	Weak or Absent	Down	Down	Down	47.64%