Quacera L.L.C.

New Perspectives for Investment Decisions

Quacera Daily ETF Momentum Summary

April 14, 2012

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Market Indexes Momentum Summary

European Countries Momentum Summary

5 week momentum momentum trend-line

0.00

1.00

2.00

3.00

4.00

5.00

6.00

1-Mar 8-Mar 15-Mar 22-Mar 29-Mar 5-Apr 14-Apr

SP500

0.001.002.003.004.005.006.007.008.009.00

1-Mar 8-Mar 15-Mar 22-Mar 29-Mar 5-Apr 14-Apr

NASDAQ

0.00

1.00

2.00

3.00

4.00

5.00

1-Mar 8-Mar 15-Mar 22-Mar 29-Mar 5-Apr 14-Apr

DJIA

s

012345678910

1-Mar 15-Mar 29-Mar 14-Apr

MSCI Austria (EWO)

0

1

2

3

4

5

6

7

1-Mar 15-Mar 29-Mar 14-Apr

MSCI Belgium (EWK)

0

1

2

3

4

5

6

1-Mar 15-Mar 29-Mar 14-Apr

MSCI France (EWQ)

0123456789

1-Mar 15-Mar 29-Mar 14-Apr

MSCI Germany (EWG)

0

1

2

3

4

5

6

7

8

1-Mar 15-Mar 29-Mar 14-Apr

MSCI Italy (EWI)

0123456789

1-Mar 15-Mar 29-Mar 14-Apr

MSCI Netherlands (EWN)

0

1

2

3

4

5

6

7

8

1-Mar 15-Mar 29-Mar 14-Apr

MSCI Spain (EWP)

-3-2-101234567

1-Mar 15-Mar 29-Mar 14-Apr

MSCI Sweden (EWD)

0

1

2

3

4

5

6

1-Mar 15-Mar 29-Mar 14-Apr

MSCI Switzerland (EWL)

-1012345678

1-Mar 15-Mar 29-Mar 14-Apr

MSCI United Kingdom (EWU)

1