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 3	A	Strong	Up	Up	Up	31.55%
Jan 2	B	Strong	Up	Up	Up	33.01%
Dec 29	B	Strong	Up	Up	Up	34.40%
Dec 28	C	Strong	Up	Up	Flat	34.50%
Dec 27	D	Strong	Up	Up	Flat	34.95%
Dec 26	D	Strong	Up	Up	Down	35.97%
Dec 22	D	Strong	Up	Up	Down	37.52%
Dec 21	D	Strong	Up	Up	Down	37.15%
Dec 20	C	Strong	Up	Up	Down	35.97%
Dec 19	C	Strong	Up	Up	Flat	34.45%