Trend Table for PFF - iShares US Preferred Stock ETF

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jul 25	A	Weak or Absent	Up	Flat	Down	3.32%
Jul 24	B	Weak or Absent	Up	Flat	Down	3.61%
Jul 23	B	Weak or Absent	Up	Up	Flat	2.60%
Jul 22	A	Weak or Absent	Up	Up	Flat	2.38%
Jul 19	A	Weak or Absent	Up	Up	Flat	2.60%
Jul 18	A	Weak or Absent	Up	Up	Flat	2.54%
Jul 17	A	Weak or Absent	Up	Up	Up	2.32%
Jul 16	B	Weak or Absent	Up	Up	Up	2.17%
Jul 15	B	Weak or Absent	Up	Up	Up	2.33%
Jul 12	B	Weak or Absent	Up	Up	Up	2.22%