Trend Table for MCN - Madison Covered Call & Equity Strategy Fund

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jul 27	D	Weak or Absent	Flat	Flat	Down	5.83%
Jul 26	C	Weak or Absent	Up	Up	Down	4.57%
Jul 25	C	Weak or Absent	Up	Up	Down	4.57%
Jul 24	C	Weak or Absent	Up	Up	Down	4.43%
Jul 21	C	Weak or Absent	Up	Up	Down	4.43%
Jul 20	C	Weak or Absent	Up	Up	Down	4.16%
Jul 19	B	Weak or Absent	Up	Up	Up	1.88%
Jul 18	B	Weak or Absent	Up	Up	Up	1.74%
Jul 17	C	Weak or Absent	Up	Up	Flat	4.99%
Jul 14	B	Weak or Absent	Up	Up	Flat	4.57%