Trend Table for FIAX - Nicholas Fixed Income Alternative ETF

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Feb 1	C	Weak or Absent	N/A	N/A	Flat	7.12%
Jan 31	F	Weak or Absent	N/A	N/A	Flat	7.21%
Jan 30	D	Weak or Absent	N/A	N/A	Flat	7.18%
Jan 27	C	Weak or Absent	N/A	N/A	Flat	7.09%
Jan 26	F	Weak or Absent	N/A	N/A	Flat	7.10%
Jan 25	D	Weak or Absent	N/A	N/A	Flat	7.15%
Jan 24	D	Weak or Absent	N/A	N/A	Flat	7.15%
Jan 23	D	Weak or Absent	N/A	N/A	Flat	7.20%
Jan 20	C	Weak or Absent	N/A	N/A	Flat	7.07%
Jan 19	D	Weak or Absent	N/A	N/A	Flat	7.15%