Trend Table for PFM - PowerShares Dividend Achievers

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jan 24	A	Strong	Up	Up	Up	19.99%
Jan 23	A	Strong	Up	Up	Up	19.55%
Jan 22	A	Strong	Up	Up	Up	19.90%
Jan 19	A	Strong	Up	Up	Up	20.26%
Jan 18	A	Strong	Up	Up	Flat	21.26%
Jan 17	A	Strong	Up	Up	Flat	22.11%
Jan 16	A	Strong	Up	Up	Flat	21.59%
Jan 12	A	Strong	Up	Up	Flat	20.92%
Jan 11	A	Strong	Up	Up	Flat	21.35%
Jan 10	A	Strong	Up	Up	Flat	21.13%