Trend Table for SMB - Market Vectors Short Municipal Index ETF

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jul 19	A	Weak or Absent	Up	Up	Flat	4.60%
Jul 18	A	Weak or Absent	Up	Up	Flat	4.66%
Jul 17	A	Weak or Absent	Up	Flat	Flat	4.78%
Jul 14	A	Weak or Absent	Up	Flat	Flat	4.91%
Jul 13	A	Weak or Absent	Up	Flat	Flat	4.91%
Jul 12	A	Weak or Absent	Up	Flat	Flat	4.97%
Jul 11	C	Weak or Absent	Flat	Flat	Flat	5.16%
Jul 10	A	Weak or Absent	Flat	Flat	Flat	5.09%
Jul 7	B	Weak or Absent	Flat	Flat	Flat	5.22%
Jul 6	B	Weak or Absent	Flat	Flat	Flat	5.16%