Trend Table for UTG - Reaves Utility Income Fund

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jul 13	C	Weak or Absent	Up	Up	Up	35.22%
Jul 12	C	Weak or Absent	Up	Up	Up	35.75%
Jul 11	D	Weak or Absent	Down	Flat	Flat	37.43%
Jul 10	F	Weak or Absent	Down	Down	Flat	38.64%
Jul 7	D	Weak or Absent	Down	Flat	Flat	37.88%
Jul 6	D	Weak or Absent	Down	Flat	Up	37.28%
Jul 5	C	Weak or Absent	Flat	Up	Up	35.75%
Jul 3	D	Weak or Absent	Down	Flat	Up	36.83%
Jun 30	D	Weak or Absent	Down	Flat	Flat	37.78%
Jun 29	F	Weak or Absent	Down	Down	Down	39.05%