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
Oct 25	B	Weak or Absent	Down	Flat	Flat	5.81%
Oct 24	B	Weak or Absent	Flat	Flat	Flat	5.62%
Oct 23	B	Weak or Absent	Flat	Flat	Flat	5.75%
Oct 20	B	Weak or Absent	Flat	Flat	Flat	5.68%
Oct 19	B	Weak or Absent	Down	Down	Flat	5.94%
Oct 18	C	Weak or Absent	Flat	Flat	Flat	5.56%
Oct 17	C	Weak or Absent	Flat	Flat	Flat	5.56%
Oct 16	B	Weak or Absent	Flat	Flat	Flat	5.31%
Oct 13	A	Weak or Absent	Flat	Flat	Flat	5.31%
Oct 12	B	Weak or Absent	Flat	Flat	Flat	5.24%