Trend Table for UTG - Reaves Utility Income Fund

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Dec 19	B	Weak or Absent	Down	Up	Down	36.41%
Dec 16	B	Weak or Absent	Down	Up	Down	33.96%
Dec 15	B	Weak or Absent	Down	Up	Down	30.41%
Dec 14	B	Weak or Absent	Down	Up	Up	27.37%
Dec 13	B	Weak or Absent	Down	Up	Up	27.62%
Dec 12	B	Weak or Absent	Down	Up	Flat	29.32%
Dec 9	B	Weak or Absent	Down	Up	Flat	29.36%
Dec 8	B	Weak or Absent	Down	Up	Flat	29.62%
Dec 7	B	Weak or Absent	Down	Up	Up	29.19%
Dec 6	B	Weak or Absent	Down	Up	Up	29.71%