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
May 24	C	Weak or Absent	Down	Flat	Flat	6.55%
May 19	C	Weak or Absent	Down	Flat	Flat	6.55%
May 17	C	Weak or Absent	Down	Flat	Flat	6.43%
May 16	D	Weak or Absent	Down	Flat	Down	7.15%
May 15	D	Weak or Absent	Down	Flat	Down	7.15%
May 9	C	Weak or Absent	Down	Up	Flat	5.84%
May 3	D	Weak or Absent	Down	Flat	Down	6.91%
May 2	C	Weak or Absent	Flat	Up	Up	5.15%
Apr 28	C	Weak or Absent	Down	Flat	Flat	6.55%
Apr 25	A	Weak or Absent	Flat	Up	Up	4.34%