Trend Table for SMB - Market Vectors Short Municipal Index ETF

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jan 19	B	Strong	Up	Flat	Flat	3.03%
Jan 18	B	Weak or Absent	Up	Flat	Flat	2.94%
Jan 16	A	Weak or Absent	Up	Up	Flat	2.63%
Jan 12	B	Weak or Absent	Up	Up	Flat	2.63%
Jan 11	B	Strong	Up	Up	Flat	2.69%
Jan 9	B	Strong	Up	Up	Flat	2.69%
Jan 5	B	Strong	Up	Up	Flat	2.69%
Jan 4	B	Strong	Up	Up	Flat	2.69%
Jan 3	B	Strong	Up	Up	Flat	2.63%
Jan 2	B	Strong	Up	Up	Flat	2.57%