Trend Table for HBB - Horizons Cdn Select Universe Bond ETF

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
May 17	B	Weak or Absent	Up	Up	Flat	0.00%
May 16	B	Weak or Absent	Up	Up	Flat	-0.15%
May 15	B	Weak or Absent	Up	Up	Up	-0.11%
May 14	C	Weak or Absent	Up	Flat	Flat	0.52%
May 13	C	Weak or Absent	Up	Flat	Flat	0.50%
May 10	C	Weak or Absent	Up	Flat	Flat	0.59%
May 9	C	Weak or Absent	Up	Flat	Up	0.28%
May 8	C	Weak or Absent	Up	Flat	Up	0.28%
May 7	C	Weak or Absent	Up	Flat	Up	0.06%
May 6	C	Weak or Absent	Up	Flat	Up	0.28%