Trend Table for SMB - Market Vectors Short Municipal Index ETF

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Aug 8	B	Weak or Absent	Flat	Flat	Flat	5.15%
Aug 7	C	Weak or Absent	Flat	Flat	Flat	5.28%
Aug 4	B	Weak or Absent	Flat	Flat	Flat	5.21%
Aug 3	C	Weak or Absent	Flat	Flat	Down	5.40%
Aug 2	A	Weak or Absent	Flat	Flat	Flat	4.96%
Aug 1	A	Weak or Absent	Flat	Flat	Flat	5.02%
Jul 31	B	Weak or Absent	Up	Flat	Flat	4.84%
Jul 28	A	Weak or Absent	Up	Flat	Flat	4.91%
Jul 21	A	Weak or Absent	Up	Flat	Flat	4.78%
Jul 20	A	Weak or Absent	Up	Up	Flat	4.60%