Trend Table for PFSS - Picton Mahoney Fortified Special Situations Alternative Fund

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jan 11	C	Weak or Absent	Up	Up	Up	6.43%
Jan 10	C	Weak or Absent	Up	Up	Up	6.43%
Dec 27	F	Weak or Absent	Flat	Flat	Flat	7.63%
Dec 22	F	Weak or Absent	Down	Down	Down	7.87%
Dec 21	C	Weak or Absent	Up	Up	Up	6.43%
Dec 18	C	Weak or Absent	Up	Up	Up	6.43%
Dec 8	D	Weak or Absent	Flat	Flat	Flat	7.15%
Dec 6	C	Weak or Absent	Flat	Flat	Up	7.03%
Dec 4	F	Weak or Absent	Flat	Flat	Flat	7.63%
Dec 1	C	Weak or Absent	Flat	Flat	Up	6.91%