Mobile App Index: 77.66(-2.89%) WE 8/12/11

The overall market slide has begun to slow and the Mobile Application Index followed suit: DOW -1.53%, Nasdaq -0.93%%, S&P 500 -1.75%%, EEM -3.08%, and FONE -1.37%.  It appears that the international impact deepened while the bulk of the technical sector may be recovering quicker.

Winners: MITK +11.59%, NCTY +7.13%.   On 8/8 Mitek systems announced their earnings with very positive results this week -- this was not on the radar of announcements.  NCTY will announce earnings on 8/16, but there is no substantive public news to explain the jump.

Losers: GLUU -14.96%, VOCS -11.81%.  There is no explanation for GLUU's decline this week, but VOCS was downgraded by one analyst on fears that their expansion plans are too ambitious.

Other: COOL went below the $2 criteria for inclusion in the index this week.

Mobile App Index: 79.98(-12.36%) WE 8/5/11

Another record worst week.   More of the same causes: The US Debt ceiling followed by International and finally the jobs crisis.

Comparison for the week: DOW -5.75%, Nasdaq -8.13%, S&P 500 -7.19%, EEM -9.61%, and FONE -8.11%.

GLUU released generally positive earnings information this week, but it proceeded to lose at least another 10% following this announcement.