Trend Table for FIAX - Nicholas Fixed Income Alternative ETF

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
May 19	C	Strong	N/A	Flat	Flat	7.63%
May 18	C	Strong	N/A	Flat	Flat	7.47%
May 17	C	Strong	N/A	Flat	Flat	7.42%
May 16	C	Strong	N/A	Flat	Flat	7.31%
May 15	C	Strong	N/A	Flat	Flat	7.31%
May 12	A	Strong	N/A	Flat	Flat	6.85%
May 11	A	Strong	N/A	Flat	Flat	6.78%
May 10	A	Strong	N/A	Flat	Flat	6.93%
May 9	B	Strong	N/A	Flat	Flat	7.18%
May 8	B	Strong	N/A	Flat	Flat	7.10%