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 4	C	Weak or Absent	Down	Up	Up	32.59%
Jan 3	B	Weak or Absent	Down	Flat	Up	35.08%
Dec 30	D	Weak or Absent	Down	Down	Down	37.33%
Dec 29	C	Weak or Absent	Down	Down	Down	36.65%
Dec 28	C	Weak or Absent	Down	Flat	Down	36.07%
Dec 27	B	Weak or Absent	Down	Up	Down	35.03%
Dec 23	B	Weak or Absent	Down	Up	Down	34.47%
Dec 22	B	Weak or Absent	Down	Up	Down	35.88%
Dec 21	B	Weak or Absent	Down	Up	Down	35.22%
Dec 20	B	Weak or Absent	Down	Flat	Down	37.03%