Trend Table for UTG - Reaves Utility Income Fund

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Aug 1	A	Strong	Up	Up	Up	16.69%
Jul 31	A	Strong	Up	Up	Up	18.16%
Jul 30	A	Strong	Up	Up	Up	19.00%
Jul 29	A	Strong	Up	Up	Flat	19.93%
Jul 26	C	Strong	Up	Up	Down	21.00%
Jul 25	B	Strong	Up	Up	Down	20.96%
Jul 24	A	Strong	Up	Up	Flat	20.01%
Jul 23	A	Strong	Up	Up	Up	19.33%
Jul 22	A	Strong	Up	Up	Flat	20.05%
Jul 19	A	Strong	Up	Up	Up	19.33%