Trend Table for PPH - Market Vectors Pharmaceutical ETF

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
May 19	B	Weak or Absent	Up	Up	Flat	15.82%
May 18	B	Weak or Absent	Up	Flat	Down	16.66%
May 17	B	Weak or Absent	Up	Up	Down	16.34%
May 16	A	Weak or Absent	Up	Up	Down	16.12%
May 15	B	Weak or Absent	Up	Up	Flat	15.38%
May 12	B	Weak or Absent	Up	Up	Down	15.51%
May 11	B	Weak or Absent	Up	Up	Flat	15.31%
May 10	A	Weak or Absent	Up	Up	Flat	14.68%
May 9	A	Weak or Absent	Up	Up	Flat	14.62%
May 8	A	Weak or Absent	Up	Up	Up	14.25%