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 26	D	Strong	Flat	Down	Flat	-0.28%
Jan 25	D	Strong	Flat	Down	Flat	-0.31%
Jan 24	D	Strong	Flat	Down	Flat	-0.23%
Jan 23	D	Strong	Flat	Down	Flat	-0.28%
Jan 22	F	Strong	Flat	Down	Down	-0.08%
Jan 19	D	Strong	Flat	Down	Down	-0.08%
Jan 18	C	Strong	Up	Down	Down	-0.49%
Jan 17	C	Strong	Up	Down	Down	-0.58%
Jan 16	D	Strong	Up	Flat	Down	-0.88%
Jan 12	B	Weak or Absent	Up	Flat	Flat	-1.14%