Trend Table for DWCR - Arrow DWA Country Rotation ETF

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jul 31	C	Weak or Absent	Up	Up	Up	-0.07%
Jul 28	C	Weak or Absent	Up	Up	Up	0.62%
Jul 26	C	Weak or Absent	Up	Up	Up	1.63%
Jul 24	B	Weak or Absent	Up	Up	Up	2.35%
Jul 19	C	Weak or Absent	Up	Up	Up	1.69%
Jul 14	C	Weak or Absent	Up	Up	Up	2.08%
Jul 12	D	Weak or Absent	Flat	Up	Up	3.18%
Jul 11	D	Weak or Absent	Down	Flat	Up	5.53%
Jul 10	F	Weak or Absent	Down	Down	Flat	6.38%
Jul 7	F	Weak or Absent	Down	Down	Down	6.69%