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 9	F	Very Strong	Flat	Down	Flat	0.27%
Feb 8	F	Very Strong	Flat	Down	Flat	0.33%
Feb 7	F	Very Strong	Flat	Down	Flat	0.53%
Feb 6	F	Very Strong	Flat	Down	Flat	0.58%
Feb 5	F	Very Strong	Down	Down	Down	0.69%
Feb 2	F	Very Strong	Flat	Down	Flat	0.33%
Feb 1	F	Very Strong	Flat	Down	Down	0.58%
Jan 31	F	Very Strong	Flat	Down	Down	0.48%
Jan 30	F	Very Strong	Flat	Down	Flat	0.12%
Jan 29	F	Strong	Flat	Down	Flat	-0.02%