Trend Table for HAD - Horizons Active Cdn Bond ETF

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Dec 28	B	Strong	Up	Up	Up	-0.62%
Dec 27	B	Strong	Up	Up	Up	-0.72%
Dec 21	B	Strong	Up	Up	Up	-0.72%
Dec 20	B	Strong	Up	Up	Up	-0.61%
Dec 19	B	Strong	Up	Up	Up	-0.39%
Dec 18	B	Strong	Up	Up	Up	-0.06%
Dec 13	B	Weak or Absent	Flat	Up	Up	0.72%
Dec 8	C	Weak or Absent	Down	Up	Up	1.86%
Dec 7	C	Weak or Absent	Down	Up	Up	1.86%
Dec 5	C	Weak or Absent	Down	Up	Up	1.98%