Trend Table for USML - ETRACS 2x Leveraged MSCI US Minimum Volatility 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	1.20%
May 10	C	Weak or Absent	Up	Up	Up	1.36%
May 8	C	Weak or Absent	Up	Up	Up	3.14%
May 7	C	Weak or Absent	Up	Up	Up	3.32%
May 6	C	Weak or Absent	Up	Flat	Up	4.65%
May 2	D	Weak or Absent	Up	Down	Flat	7.23%
Apr 30	C	Weak or Absent	Up	Down	Down	7.32%
Apr 29	C	Weak or Absent	Up	Flat	Up	5.42%
Apr 26	D	Weak or Absent	Up	Down	Flat	6.06%