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

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jul 31	B	Weak or Absent	Up	Up	Up	-3.65%
Jul 30	C	Weak or Absent	Up	Flat	Down	-1.53%
Jul 29	C	Weak or Absent	Up	Flat	Down	-1.66%
Jul 26	C	Weak or Absent	Up	Up	Down	-1.97%
Jul 25	C	Weak or Absent	Up	Flat	Down	-0.98%
Jul 24	C	Weak or Absent	Up	Flat	Down	-1.07%
Jul 23	C	Weak or Absent	Up	Up	Down	-2.30%
Jul 22	C	Strong	Up	Up	Down	-2.76%
Jul 19	C	Strong	Up	Up	Down	-2.27%
Jul 18	C	Strong	Up	Up	Down	-3.27%