Trend Table for XCEM - EGShares EM Core ex-China ETF

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
May 17	A	Weak or Absent	Up	Up	Up	-0.71%
May 16	A	Weak or Absent	Up	Up	Up	-0.61%
May 15	A	Weak or Absent	Up	Up	Up	-1.11%
May 14	A	Weak or Absent	Up	Up	Up	0.12%
May 13	A	Weak or Absent	Up	Up	Flat	1.05%
May 10	A	Weak or Absent	Up	Up	Up	1.02%
May 9	A	Weak or Absent	Up	Up	Up	1.15%
May 8	A	Weak or Absent	Up	Up	Up	0.89%
May 7	B	Weak or Absent	Up	Up	Up	1.12%
May 6	A	Weak or Absent	Up	Up	Up	0.50%