Trend Table for PTF - Pender Growth Fund (VCC) Inc.

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Aug 1	B	Strong	Up	Up	Up	2.78%
Jul 31	B	Strong	Up	Up	Up	2.78%
Jul 30	B	Strong	Up	Up	Flat	3.64%
Jul 29	B	Strong	Up	Up	Up	2.30%
Jul 25	B	Strong	Up	Up	Flat	4.13%
Jul 18	C	Strong	Up	Up	Down	7.87%
Jul 17	B	Strong	Up	Up	Up	3.35%
Jul 16	C	Strong	Up	Up	Flat	4.23%
Jul 15	B	Strong	Up	Up	Up	3.26%
Jul 12	B	Strong	Up	Up	Up	3.26%