Trend Table for ISLM - Hejaz Equities Fund

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jul 31	A	Weak or Absent	N/A	Up	Up	12.95%
Jul 28	A	Weak or Absent	N/A	Up	Up	14.74%
Jul 27	A	Weak or Absent	N/A	Up	Up	16.58%
Jul 21	B	Weak or Absent	N/A	Flat	Down	19.78%
Jul 20	A	Weak or Absent	N/A	Up	Up	17.20%
Jul 18	A	Weak or Absent	N/A	Up	Up	18.48%
Jul 14	A	Weak or Absent	N/A	Up	Up	18.48%
Jul 11	C	Weak or Absent	N/A	Flat	Down	20.44%
Jul 10	C	Weak or Absent	N/A	Down	Down	21.79%
Jul 6	B	Weak or Absent	N/A	Flat	Flat	19.78%