Trend Table for USML - ETRACS 2x Leveraged MSCI US Minimum Volatility Factor TR ETN

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
May 7	C	Weak or Absent	Up	Up	Up	0.00%
May 6	C	Weak or Absent	Up	Flat	Up	1.29%
May 2	D	Weak or Absent	Up	Down	Flat	3.78%
Apr 30	C	Weak or Absent	Up	Down	Down	3.87%
Apr 29	C	Weak or Absent	Up	Flat	Up	2.03%
Apr 26	D	Weak or Absent	Up	Down	Flat	2.65%
Apr 25	A	Weak or Absent	Up	Flat	Flat	1.98%
Apr 23	B	Strong	Up	Flat	Down	2.06%
Apr 22	B	Strong	Up	Down	Down	2.90%
Apr 17	B	Strong	Up	Down	Down	5.06%