Trend Table for QUAL - Market Vectors MSCI World Ex Australia Quality ETF

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
May 17	A	Weak or Absent	Up	Up	Up	36.59%
May 16	A	Weak or Absent	Up	Up	Up	37.11%
May 15	A	Weak or Absent	Up	Up	Up	37.34%
May 12	A	Weak or Absent	Up	Up	Up	37.48%
May 11	A	Weak or Absent	Up	Up	Down	39.22%
May 10	A	Weak or Absent	Up	Up	Down	39.87%
May 9	A	Weak or Absent	Up	Up	Down	39.29%
May 8	A	Weak or Absent	Up	Up	Down	39.60%
May 5	A	Weak or Absent	Up	Up	Down	40.32%
May 4	A	Weak or Absent	Up	Up	Flat	38.41%