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 22	A	Weak or Absent	Up	Up	Up	1.49%
Aug 16	A	Weak or Absent	Up	Up	Up	1.71%
Aug 15	A	Weak or Absent	Up	Up	Up	1.71%
Aug 8	A	Weak or Absent	Up	Up	Up	1.93%
Jul 31	A	Weak or Absent	Up	Up	Flat	2.26%
Jul 29	A	Weak or Absent	Up	Up	Flat	2.26%
Jul 26	A	Weak or Absent	Up	Up	Up	2.04%
Jul 24	A	Weak or Absent	Up	Up	Flat	2.70%
Jul 23	A	Weak or Absent	Up	Up	Flat	2.42%
Jul 18	A	Weak or Absent	Up	Up	Flat	2.53%