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
Jul 13	A	Weak or Absent	Up	Flat	Flat	5.10%
Jul 12	A	Weak or Absent	Up	Flat	Flat	5.16%
Jul 11	C	Weak or Absent	Flat	Flat	Flat	5.35%
Jul 10	A	Weak or Absent	Flat	Flat	Flat	5.29%
Jul 7	B	Weak or Absent	Flat	Flat	Flat	5.41%
Jul 6	B	Weak or Absent	Flat	Flat	Flat	5.35%
Jul 5	B	Weak or Absent	Flat	Flat	Flat	5.35%
Jul 3	A	Weak or Absent	Flat	Flat	Flat	5.29%
Jun 30	A	Weak or Absent	Flat	Flat	Flat	5.31%
Jun 29	B	Weak or Absent	Flat	Flat	Flat	5.38%