Mobile App Index: 101.4(-2.52%) WE 7/15/11

Because two stocks no longer meet the simple criteria for the index -- BGO and VRNG no longer maintain a minimum of $2/share -- they have been exchanged for Mitek Systems (MITK) and Pandora (P.)  This tracking began last week, and this updated Mobile App Index declined 2.03% -- from a base of 100 to 97.97.  Related to this MITK was moved from OTC to Nasdaq on 7/18/2011.

All the major indexes went down: Dow (-1.39%), Nasdaq (-2.45%),  S&P 500 (-2.06%), EEM (-2.64%).

Next week we will report on the updated index.