Trend Table for SMB - Market Vectors Short Municipal Index ETF

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jan 29	B	Weak or Absent	Up	Flat	Flat	2.64%
Jan 26	C	Weak or Absent	Up	Flat	Flat	2.77%
Jan 25	B	Weak or Absent	Up	Flat	Flat	2.64%
Jan 23	C	Strong	Up	Flat	Flat	2.89%
Jan 22	C	Strong	Up	Flat	Flat	2.83%
Jan 19	B	Strong	Up	Flat	Flat	2.98%
Jan 18	B	Weak or Absent	Up	Flat	Flat	2.89%
Jan 16	A	Weak or Absent	Up	Up	Flat	2.58%
Jan 12	B	Weak or Absent	Up	Up	Flat	2.58%
Jan 11	B	Strong	Up	Up	Flat	2.64%