Trend Table for PHDG - PowerShares S&P 500 Downside Hedged Portfolio

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jul 18	B	Strong	Up	Up	Down	1.55%
Jul 17	B	Strong	Up	Up	Flat	0.96%
Jul 16	A	Strong	Up	Up	Up	-0.42%
Jul 15	A	Strong	Up	Up	Up	0.43%
Jul 12	B	Strong	Up	Up	Up	0.69%
Jul 11	B	Strong	Up	Up	Up	1.20%
Jul 10	A	Strong	Up	Up	Up	0.31%
Jul 9	A	Strong	Up	Up	Up	1.18%
Jul 8	A	Strong	Up	Up	Up	1.41%
Jul 5	A	Strong	Up	Up	Up	1.47%