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
Aug 1	B	Weak or Absent	Up	Up	Flat	-1.44%
Jul 31	B	Weak or Absent	Up	Up	Up	-2.50%
Jul 30	B	Weak or Absent	Up	Up	Up	-1.37%
Jul 29	B	Weak or Absent	Up	Up	Up	-1.44%
Jul 26	B	Weak or Absent	Up	Up	Up	-2.37%
Jul 25	B	Weak or Absent	Up	Up	Up	-0.83%
Jul 24	A	Weak or Absent	Up	Flat	Flat	-0.07%
Jul 23	B	Weak or Absent	Up	Up	Up	-1.44%
Jul 22	D	Weak or Absent	Up	Up	Up	-1.30%
Jul 19	C	Weak or Absent	Up	Flat	Flat	0.49%