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

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Dec 26	A	Strong	Up	Up	Up	4.33%
Dec 22	A	Strong	Up	Up	Up	5.21%
Dec 21	A	Strong	Up	Up	Up	5.46%
Dec 20	A	Strong	Up	Up	Up	6.86%
Dec 19	A	Strong	Up	Up	Up	5.67%
Dec 18	A	Strong	Up	Up	Up	6.25%
Dec 15	A	Strong	Up	Up	Up	6.60%
Dec 14	A	Strong	Up	Up	Up	6.03%
Dec 13	B	Strong	Up	Up	Up	7.69%
Dec 12	B	Strong	Up	Up	Flat	9.25%