Trend Table for SHYD - Market Vectors Short High-Yield Municipal Index ETF

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jan 31	A	Strong	Up	Up	Flat	5.31%
Jan 30	C	Strong	Up	Up	Flat	5.50%
Jan 29	B	Strong	Up	Up	Flat	5.31%
Jan 26	C	Strong	Up	Up	Flat	5.60%
Jan 25	C	Strong	Up	Up	Flat	5.70%
Jan 23	C	Strong	Flat	Flat	Down	6.23%
Jan 19	B	Strong	Flat	Flat	Down	6.18%
Jan 17	B	Strong	Up	Up	Down	5.72%
Jan 12	B	Strong	Up	Up	Flat	4.60%
Jan 11	B	Strong	Up	Up	Flat	4.60%