Trend Table for MARB - First Trust Merger Arbitrage ETF

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Feb 13	D	Very Strong	Flat	Down	Flat	0.81%
Feb 12	F	Very Strong	Flat	Down	Flat	0.86%
Feb 9	F	Very Strong	Flat	Down	Flat	1.01%
Feb 8	F	Very Strong	Flat	Down	Flat	1.06%
Feb 7	F	Very Strong	Flat	Down	Flat	1.27%
Feb 6	F	Very Strong	Flat	Down	Flat	1.32%
Feb 5	F	Very Strong	Down	Down	Down	1.42%
Feb 2	F	Very Strong	Flat	Down	Flat	1.06%
Feb 1	F	Very Strong	Flat	Down	Down	1.32%
Jan 31	F	Very Strong	Flat	Down	Down	1.21%