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
Oct 24	B	Strong	Up	Flat	Flat	0.33%
Oct 23	B	Weak or Absent	Up	Flat	Flat	0.33%
Oct 22	B	Weak or Absent	Up	Flat	Flat	0.13%
Oct 21	A	Weak or Absent	Up	Flat	Flat	0.04%
Oct 18	A	Weak or Absent	Up	Flat	Flat	-0.10%
Oct 17	B	Weak or Absent	Up	Flat	Flat	-0.07%
Oct 16	A	Strong	Up	Flat	Flat	-0.16%
Oct 15	A	Strong	Up	Flat	Flat	-0.13%
Oct 14	B	Strong	Up	Flat	Flat	-0.07%
Oct 11	B	Strong	Up	Flat	Flat	-0.10%