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
Dec 23	F	Weak or Absent	Down	Down	Down	9.13%
Dec 21	C	Weak or Absent	Down	Flat	Up	6.83%
Dec 15	D	Weak or Absent	Down	Flat	Flat	7.67%
Dec 9	D	Weak or Absent	Down	Down	Flat	7.79%
Dec 8	F	Weak or Absent	Down	Down	Flat	8.27%
Dec 7	D	Weak or Absent	Down	Down	Flat	7.79%
Dec 6	D	Strong	N/A	Down	Flat	7.54%
Dec 5	F	Strong	N/A	Down	Flat	8.51%
Dec 2	D	Strong	N/A	Down	Flat	7.79%
Dec 1	D	Strong	N/A	Down	Up	7.54%