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
Aug 14	B	Weak or Absent	Flat	Up	Flat	6.08%
Aug 11	B	Weak or Absent	Flat	Up	Flat	5.96%
Aug 9	C	Weak or Absent	Flat	Flat	Flat	6.43%
Aug 3	C	Weak or Absent	Flat	Flat	Flat	6.43%
Aug 2	C	Weak or Absent	Flat	Flat	Flat	6.43%
Jul 31	C	Weak or Absent	Flat	Flat	Flat	6.43%
Jul 28	C	Weak or Absent	Flat	Flat	Flat	6.43%
Jul 27	C	Weak or Absent	Flat	Flat	Flat	6.43%
Jul 26	C	Weak or Absent	Flat	Up	Up	5.73%
Jul 25	D	Weak or Absent	Flat	Flat	Flat	6.43%