Trend Table for MCN - Madison Covered Call & Equity Strategy Fund

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jun 4	B	Strong	Up	Up	Up	0.75%
Jun 3	C	Strong	Up	Up	Flat	1.72%
May 31	C	Strong	Up	Up	Down	2.14%
May 30	B	Strong	Up	Up	Down	2.00%
May 29	B	Strong	Up	Up	Down	2.14%
May 28	C	Strong	Up	Up	Down	1.58%
May 24	B	Strong	Up	Up	Flat	1.02%
May 23	C	Strong	Up	Up	Down	1.72%
May 22	B	Strong	Up	Up	Flat	1.09%
May 21	C	Strong	Up	Up	Flat	1.02%