Trend Table for UTG - Reaves Utility Income Fund

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Mar 14	C	Weak or Absent	Up	Up	Flat	34.35%
Mar 13	B	Weak or Absent	Up	Up	Up	33.24%
Mar 12	B	Weak or Absent	Up	Up	Up	33.39%
Mar 11	B	Weak or Absent	Up	Up	Up	32.70%
Mar 8	B	Weak or Absent	Up	Up	Up	32.84%
Mar 7	C	Weak or Absent	Up	Up	Up	33.64%
Mar 6	C	Weak or Absent	Up	Up	Up	34.44%
Mar 5	C	Weak or Absent	Up	Flat	Up	35.72%
Mar 4	C	Weak or Absent	Up	Flat	Up	35.88%
Mar 1	D	Weak or Absent	Up	Flat	Up	36.45%