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
May 20	C	Strong	Up	Up	Flat	1.44%
May 17	C	Strong	Up	Up	Up	0.75%
May 16	B	Strong	Up	Up	Up	0.33%
May 15	B	Strong	Up	Up	Up	-0.07%
May 14	B	Weak or Absent	Up	Up	Up	1.16%
May 13	C	Weak or Absent	Up	Up	Up	1.86%
May 10	C	Weak or Absent	Up	Up	Up	2.14%
May 9	C	Weak or Absent	Up	Up	Up	2.14%
May 8	C	Weak or Absent	Up	Flat	Up	2.85%
May 7	C	Weak or Absent	Up	Up	Up	2.85%