Trend Table for UTG - Reaves Utility Income Fund

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Aug 16	D	Weak or Absent	Down	Down	Down	43.54%
Aug 15	D	Weak or Absent	Down	Down	Flat	42.90%
Aug 14	D	Weak or Absent	Down	Down	Flat	42.22%
Aug 11	D	Weak or Absent	Down	Down	Down	42.53%
Aug 10	D	Weak or Absent	Down	Down	Down	43.00%
Aug 9	D	Weak or Absent	Down	Down	Down	43.11%
Aug 8	D	Weak or Absent	Down	Down	Down	43.27%
Aug 7	D	Weak or Absent	Down	Down	Down	43.43%
Aug 4	D	Weak or Absent	Down	Down	Down	42.27%
Aug 3	D	Weak or Absent	Down	Flat	Down	41.18%