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

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Feb 8	A	Weak or Absent	Up	Up	Up	4.63%
Feb 7	A	Weak or Absent	Up	Up	Up	4.24%
Feb 6	A	Weak or Absent	Up	Up	Up	4.87%
Feb 5	B	Weak or Absent	Up	Up	Up	5.86%
Feb 2	B	Weak or Absent	Up	Up	Up	5.89%
Feb 1	B	Weak or Absent	Up	Up	Up	6.04%
Jan 31	B	Weak or Absent	Up	Flat	Flat	7.41%
Jan 30	B	Weak or Absent	Up	Up	Up	6.58%
Jan 29	B	Weak or Absent	Up	Up	Up	6.14%
Jan 26	B	Weak or Absent	Up	Up	Up	6.50%