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
Jun 28	A	Weak or Absent	Up	Flat	Flat	5.19%
Jun 27	A	Weak or Absent	Flat	Flat	Flat	5.25%
Jun 26	A	Weak or Absent	Flat	Flat	Flat	5.31%
Jun 23	A	Weak or Absent	Flat	Flat	Flat	5.25%
Jun 22	C	Weak or Absent	Flat	Flat	Flat	5.44%
Jun 21	A	Weak or Absent	Flat	Flat	Flat	5.25%
Jun 20	D	Weak or Absent	Flat	Flat	Flat	5.38%
Jun 16	D	Weak or Absent	Flat	Flat	Flat	5.38%
Jun 15	D	Weak or Absent	Flat	Flat	Flat	5.50%
Jun 14	D	Weak or Absent	Flat	Flat	Flat	5.56%