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

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jan 25	B	Weak or Absent	Up	Up	Up	7.01%
Jan 24	B	Weak or Absent	Up	Up	Flat	7.23%
Jan 23	C	Weak or Absent	Up	Up	Flat	7.78%
Jan 22	C	Strong	Up	Up	Down	7.89%
Jan 19	C	Strong	Up	Up	Flat	7.38%
Jan 18	B	Strong	Up	Flat	Down	8.53%
Jan 17	C	Strong	Up	Down	Down	9.51%
Jan 16	B	Strong	Up	Up	Down	8.38%
Jan 12	C	Strong	Up	Up	Flat	5.75%
Jan 11	B	Strong	Up	Up	Down	6.25%