Trend Table for PCF - Putnam High Income Securities Fund

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
May 20	B	Strong	Up	Up	Up	6.33%
May 17	B	Strong	Up	Up	Up	7.33%
May 16	B	Strong	Up	Up	Up	7.09%
May 15	B	Strong	Up	Up	Up	7.49%
May 14	B	Weak or Absent	Up	Up	Up	7.81%
May 13	C	Weak or Absent	Up	Up	Up	8.47%
May 10	C	Weak or Absent	Up	Up	Up	8.47%
May 9	C	Weak or Absent	Up	Up	Up	8.88%
May 8	C	Weak or Absent	Up	Up	Up	9.46%
May 7	C	Weak or Absent	Up	Flat	Up	10.13%