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

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Nov 24	B	Strong	Up	Up	Flat	10.63%
Nov 22	B	Strong	Up	Up	Up	10.40%
Nov 21	B	Strong	Up	Up	Up	10.13%
Nov 20	B	Weak or Absent	Up	Up	Up	9.60%
Nov 17	B	Weak or Absent	Up	Up	Up	10.48%
Nov 16	A	Weak or Absent	Up	Up	Up	10.75%
Nov 15	A	Weak or Absent	Up	Up	Up	10.79%
Nov 14	A	Weak or Absent	Up	Up	Up	11.14%
Nov 13	A	Weak or Absent	Flat	Up	Up	14.14%
Nov 10	B	Weak or Absent	Up	Up	Up	13.49%