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 3	A	Strong	Up	Up	Up	2.17%
Jul 2	A	Strong	Up	Up	Flat	2.69%
Jul 1	A	Strong	Up	Up	Flat	3.05%
Jun 28	A	Strong	Up	Up	Flat	3.02%
Jun 27	A	Strong	Up	Up	Flat	2.72%
Jun 26	A	Strong	Up	Up	Flat	2.88%
Jun 25	A	Strong	Up	Up	Flat	3.35%
Jun 24	A	Strong	Up	Up	Flat	3.63%
Jun 21	A	Strong	Up	Up	Up	3.13%
Jun 20	A	Weak or Absent	Up	Up	Up	2.74%