Trend Table for DFNL - Davis Select Financial ETF

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jan 26	A	Weak or Absent	Up	Up	Up	33.27%
Jan 25	A	Weak or Absent	Up	Up	Up	34.88%
Jan 24	A	Weak or Absent	Up	Up	Up	35.69%
Jan 23	B	Weak or Absent	Up	Up	Up	36.65%
Jan 22	B	Weak or Absent	Up	Up	Up	36.55%
Jan 19	B	Weak or Absent	Up	Up	Flat	37.25%
Jan 18	B	Weak or Absent	Up	Up	Down	40.17%
Jan 17	B	Weak or Absent	Up	Up	Down	40.06%
Jan 16	B	Weak or Absent	Up	Up	Down	38.89%
Jan 12	C	Weak or Absent	Up	Up	Down	37.22%