Trend Table for SMB - Market Vectors Short Municipal Index ETF

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Dec 14	B	Very Strong	Up	Up	Flat	2.30%
Dec 13	B	Very Strong	Up	Up	Flat	2.33%
Dec 12	B	Very Strong	Up	Up	Flat	2.57%
Dec 11	B	Strong	Up	Up	Flat	2.57%
Dec 8	B	Strong	Up	Up	Flat	2.63%
Dec 7	A	Strong	Up	Up	Flat	2.69%
Dec 6	A	Strong	Up	Up	Up	2.66%
Dec 5	A	Strong	Up	Up	Flat	2.82%
Dec 4	B	Strong	Up	Up	Flat	3.12%
Dec 1	B	Strong	Up	Up	Up	2.78%