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

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Feb 6	B	Weak or Absent	Up	Up	Flat	4.62%
Feb 3	A	Weak or Absent	Up	Up	Up	2.69%
Feb 2	A	Weak or Absent	Up	Up	Flat	3.97%
Feb 1	A	Weak or Absent	Up	Up	Flat	4.23%
Jan 31	A	Weak or Absent	Up	Up	Up	3.84%
Jan 30	B	Weak or Absent	Up	Up	Down	5.81%
Jan 27	C	Weak or Absent	Up	Up	Flat	5.28%
Jan 26	C	Weak or Absent	Up	Up	Down	5.68%
Jan 25	B	Weak or Absent	Up	Up	Down	5.81%
Jan 24	A	Weak or Absent	Up	Up	Up	3.45%