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 11	D	Weak or Absent	Up	Flat	Down	0.62%
Jul 10	C	Strong	Up	Flat	Down	0.34%
Jul 9	B	Strong	Up	Flat	Down	0.62%
Jul 8	B	Strong	Up	Up	Down	-0.91%
Jul 5	B	Strong	Up	Up	Down	-0.91%
Jul 3	B	Strong	Up	Up	Up	-2.16%
Jul 2	B	Strong	Up	Up	Up	-2.79%
Jul 1	B	Strong	Up	Up	Up	-2.39%
Jun 28	A	Strong	Up	Up	Up	-5.60%
Jun 27	A	Strong	Up	Up	Up	-3.70%