Trend Table for QVAL - ValueShares U.S. Quantitative Value ETF

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jul 18	B	Weak or Absent	Up	Up	Up	6.26%
Jul 17	B	Weak or Absent	Up	Up	Up	5.32%
Jul 16	B	Weak or Absent	Up	Up	Up	4.60%
Jul 15	C	Weak or Absent	Up	Up	Up	7.47%
Jul 12	C	Weak or Absent	Up	Flat	Up	7.92%
Jul 11	D	Weak or Absent	Up	Flat	Up	8.44%
Jul 10	D	Weak or Absent	Up	Down	Flat	10.51%
Jul 9	D	Weak or Absent	Up	Down	Down	11.27%
Jul 8	D	Weak or Absent	Up	Down	Down	10.67%
Jul 5	D	Weak or Absent	Up	Down	Down	10.96%