Trend Table for UTG - Reaves Utility Income Fund

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jan 17	B	Weak or Absent	Up	Up	Down	35.66%
Jan 16	C	Weak or Absent	Up	Up	Down	34.69%
Jan 12	C	Weak or Absent	Up	Up	Down	33.99%
Jan 11	C	Strong	Up	Up	Down	32.99%
Jan 10	B	Strong	Up	Up	Up	31.20%
Jan 9	B	Strong	Up	Up	Up	30.91%
Jan 8	B	Strong	Up	Up	Up	31.10%
Jan 5	A	Strong	Up	Up	Up	31.44%
Jan 4	A	Strong	Up	Up	Up	31.92%
Jan 3	A	Strong	Up	Up	Up	31.39%