Trend Table for IWML - ETRACS 2x Leveraged US Size Factor TR ETN

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
May 15	B	Weak or Absent	Up	Up	Up	0.00%
May 14	C	Weak or Absent	Up	Up	Up	2.13%
May 13	C	Weak or Absent	Up	Up	Up	4.31%
May 10	C	Weak or Absent	Up	Up	Up	4.76%
May 9	C	Weak or Absent	Up	Up	Up	3.34%
May 7	C	Weak or Absent	Up	Up	Up	4.07%
May 3	D	Weak or Absent	Up	Down	Up	7.02%
May 2	C	Weak or Absent	Up	Down	Up	9.10%
May 1	C	Weak or Absent	Up	Down	Flat	13.35%
Apr 26	C	Weak or Absent	Up	Down	Up	10.63%