Trend Table for UTG - Reaves Utility Income Fund

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Sep 22	C	Weak or Absent	Down	Down	Down	42.89%
Sep 21	C	Weak or Absent	Down	Down	Down	42.12%
Sep 20	C	Weak or Absent	Down	Down	Flat	40.28%
Sep 19	C	Weak or Absent	Down	Down	Up	39.70%
Sep 18	C	Weak or Absent	Down	Flat	Up	38.50%
Sep 15	C	Weak or Absent	Down	Flat	Up	38.81%
Sep 14	D	Weak or Absent	Down	Down	Up	39.54%
Sep 13	C	Weak or Absent	Down	Down	Up	40.91%
Sep 12	C	Weak or Absent	Down	Down	Up	41.29%
Sep 11	D	Weak or Absent	Down	Down	Flat	42.26%