Trend Table for PPH - Market Vectors Pharmaceutical ETF

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Dec 22	B	Weak or Absent	Up	Up	Up	11.23%
Dec 21	B	Weak or Absent	Up	Up	Up	11.54%
Dec 20	B	Weak or Absent	Up	Up	Flat	12.99%
Dec 19	B	Weak or Absent	Up	Up	Up	11.71%
Dec 18	B	Weak or Absent	Up	Up	Up	12.93%
Dec 15	C	Weak or Absent	Up	Up	Flat	14.00%
Dec 14	B	Weak or Absent	Up	Up	Up	12.64%
Dec 13	B	Weak or Absent	Up	Up	Up	12.07%
Dec 12	B	Weak or Absent	Up	Up	Flat	13.88%
Dec 11	B	Weak or Absent	Up	Up	Flat	14.34%