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
Jul 21	D	Weak or Absent	Down	Flat	Flat	6.79%
Jul 20	D	Weak or Absent	Flat	Up	Up	6.20%
Jul 18	F	Weak or Absent	Down	Flat	Flat	6.91%
Jul 14	D	Weak or Absent	Flat	Up	Up	6.31%
Jul 13	F	Weak or Absent	Down	Flat	Flat	7.27%
Jul 12	F	Weak or Absent	Down	Flat	Flat	7.03%
Jul 11	C	Weak or Absent	Down	Flat	Flat	6.79%
Jul 7	F	Weak or Absent	Down	Flat	Flat	7.39%
Jul 6	F	Weak or Absent	Down	Flat	Flat	7.39%
Jul 5	C	Weak or Absent	Down	Up	Up	6.55%