Trend Table for PPH - Market Vectors Pharmaceutical ETF

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Dec 22	B	Weak or Absent	Up	Up	Up	18.57%
Dec 21	B	Weak or Absent	Up	Up	Up	18.91%
Dec 20	B	Weak or Absent	Up	Up	Flat	20.45%
Dec 19	B	Weak or Absent	Up	Up	Up	19.09%
Dec 18	B	Weak or Absent	Up	Up	Up	20.39%
Dec 15	C	Weak or Absent	Up	Up	Flat	21.53%
Dec 14	B	Weak or Absent	Up	Up	Up	20.08%
Dec 13	B	Weak or Absent	Up	Up	Up	19.48%
Dec 12	B	Weak or Absent	Up	Up	Flat	21.40%
Dec 11	B	Weak or Absent	Up	Up	Flat	21.89%