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 17	B	Weak or Absent	Up	Up	Flat	8.17%
May 16	B	Weak or Absent	Up	Up	Up	8.20%
May 15	A	Weak or Absent	Up	Up	Up	7.52%
May 14	B	Weak or Absent	Up	Up	Up	8.38%
May 13	B	Weak or Absent	Up	Flat	Up	9.04%
May 10	C	Weak or Absent	Up	Flat	Up	9.27%
May 9	B	Weak or Absent	Up	Up	Up	8.72%
May 8	C	Weak or Absent	Up	Flat	Up	9.27%
May 7	B	Weak or Absent	Up	Flat	Up	9.24%
May 6	A	Weak or Absent	Up	Flat	Up	9.04%