Trend Table for FTLS - First Trust Long/Short Equity

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
May 10	C	Weak or Absent	Up	Flat	Up	5.98%
May 9	B	Weak or Absent	Up	Up	Up	5.44%
May 8	C	Weak or Absent	Up	Flat	Up	5.98%
May 7	B	Weak or Absent	Up	Flat	Up	5.94%
May 6	A	Weak or Absent	Up	Flat	Up	5.75%
May 3	C	Strong	Up	Down	Up	6.82%
May 2	D	Strong	Up	Down	Flat	7.61%
May 1	C	Strong	Up	Down	Down	8.19%
Apr 30	C	Strong	Up	Down	Down	8.39%
Apr 29	C	Strong	Up	Down	Up	6.75%