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 11	B	Strong	Up	Up	Flat	9.25%
Dec 8	B	Strong	Up	Up	Flat	9.63%
Dec 7	B	Strong	Up	Up	Flat	9.67%
Dec 6	C	Strong	Up	Up	Flat	10.35%
Dec 5	C	Strong	Up	Up	Flat	10.22%
Dec 4	B	Strong	Up	Up	Flat	9.74%
Nov 30	B	Strong	Up	Up	Flat	9.86%
Nov 29	B	Strong	Up	Up	Up	9.78%
Nov 28	B	Strong	Up	Up	Up	9.55%
Nov 27	B	Strong	Up	Up	Flat	10.78%