Trend Table for PFM - PowerShares Dividend Achievers

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jul 31	A	Strong	Up	Up	Up	7.58%
Jul 30	A	Strong	Up	Up	Flat	8.26%
Jul 29	A	Strong	Up	Up	Flat	8.33%
Jul 26	A	Strong	Up	Up	Flat	8.28%
Jul 25	B	Strong	Up	Up	Down	9.59%
Jul 24	B	Strong	Up	Up	Down	9.80%
Jul 23	A	Strong	Up	Up	Flat	8.63%
Jul 22	A	Strong	Up	Up	Up	8.43%
Jul 19	A	Strong	Up	Up	Flat	9.02%
Jul 18	A	Strong	Up	Up	Up	8.26%