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
Jan 2	A	Strong	Up	Up	Down	14.70%
Dec 29	B	Strong	Up	Up	Down	14.41%
Dec 28	A	Strong	Up	Up	Flat	13.36%
Dec 27	B	Strong	Up	Up	Flat	13.58%
Dec 26	B	Strong	Up	Up	Flat	13.46%
Dec 22	A	Strong	Up	Up	Up	13.62%
Dec 21	A	Strong	Up	Up	Flat	13.94%
Dec 20	A	Strong	Up	Up	Flat	14.14%
Dec 19	A	Strong	Up	Up	Up	13.50%
Dec 18	A	Strong	Up	Up	Up	13.74%