Trend Table for SMB - Market Vectors Short Municipal Index ETF

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Nov 8	C	Weak or Absent	Up	Flat	Flat	0.09%
Nov 7	C	Strong	Up	Flat	Flat	0.18%
Nov 6	C	Weak or Absent	Up	Flat	Flat	0.41%
Nov 5	A	Weak or Absent	Up	Flat	Flat	0.00%
Nov 4	B	Strong	Up	Flat	Flat	0.09%
Nov 1	B	Strong	Up	Flat	Flat	0.23%
Oct 31	B	Strong	Up	Flat	Flat	0.22%
Oct 30	C	Strong	Up	Flat	Flat	0.25%
Oct 29	C	Strong	Up	Flat	Flat	0.28%
Oct 28	C	Strong	Up	Flat	Flat	0.28%