Trend Table for IVAL - ValueShares International Quantitative Value ETF

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Sep 26	B	Weak or Absent	Up	Up	Up	-7.98%
Sep 25	B	Weak or Absent	Up	Up	Up	-5.66%
Sep 24	C	Weak or Absent	Up	Up	Up	-5.77%
Sep 23	B	Weak or Absent	Up	Up	Up	-6.03%
Sep 20	B	Weak or Absent	Up	Up	Up	-5.51%
Sep 19	C	Weak or Absent	Up	Up	Up	-5.88%
Sep 18	B	Weak or Absent	Up	Up	Up	-4.35%
Sep 17	B	Weak or Absent	Up	Up	Up	-4.16%
Sep 16	B	Weak or Absent	Up	Up	Up	-4.35%
Sep 13	D	Weak or Absent	Flat	Up	Flat	-3.05%