Trend Table for FRI - First Trust S&P REIT Index Fund

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
May 14	C	Weak or Absent	Up	Up	Up	14.59%
May 13	C	Weak or Absent	Up	Up	Up	15.49%
May 10	C	Weak or Absent	Up	Flat	Up	15.94%
May 9	C	Weak or Absent	Up	Flat	Up	15.67%
May 8	D	Weak or Absent	Up	Down	Up	18.02%
May 7	D	Weak or Absent	Up	Down	Up	16.79%
May 6	D	Weak or Absent	Up	Down	Up	17.92%
May 3	C	Weak or Absent	Up	Down	Up	18.30%
May 2	C	Weak or Absent	Up	Down	Up	19.03%
May 1	D	Weak or Absent	Down	Down	Flat	20.81%