Trend Table for FTLS - First Trust Long/Short Equity

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jul 31	A	Weak or Absent	Up	Up	Up	4.75%
Jul 30	A	Weak or Absent	Up	Flat	Flat	5.60%
Jul 29	B	Strong	Up	Flat	Flat	5.93%
Jul 26	B	Strong	Up	Flat	Flat	5.67%
Jul 25	C	Strong	Up	Flat	Down	6.57%
Jul 24	B	Strong	Up	Flat	Down	5.99%
Jul 23	B	Strong	Up	Up	Flat	4.93%
Jul 22	B	Strong	Up	Up	Flat	4.93%
Jul 19	A	Strong	Up	Up	Down	5.81%
Jul 18	A	Strong	Up	Up	Down	5.55%