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
Jan 16	D	Strong	Up	Flat	Down	-0.33%
Jan 12	B	Weak or Absent	Up	Flat	Flat	-0.59%
Jan 11	D	Weak or Absent	Up	Flat	Flat	-0.52%
Jan 10	A	Weak or Absent	Up	Flat	Flat	-0.77%
Jan 9	A	Weak or Absent	Up	Up	Flat	-1.14%
Jan 8	A	Weak or Absent	Up	Up	Flat	-1.07%
Jan 5	A	Weak or Absent	Up	Up	Flat	-1.13%
Jan 4	A	Weak or Absent	Up	Flat	Flat	-0.93%
Jan 3	A	Weak or Absent	Up	Up	Flat	-1.02%
Jan 2	A	Weak or Absent	Up	Up	Flat	-1.07%