Mobile App Index: 70.76(-4.91%) WE 9/23/11

Foreign stocks fell substantially (EEM -11.47%) this past week. Relative to the main US indices (DJI -5.79%, Nasdaq -4.75%, S&P 500 -6%), the MobiAppIndex responded equally -- an interesting comparison. Maybe this behavioral difference is due to the international stocks in the index.

Winners: COBR +2.35%, P +5.29%
Losers: MITK (-11.32%), GLUU (-16.57%), VOCS (-10.87%), ROVI (-5.17%)
The news indicates that MITK may be experiencing some profit taking due to its' positive results over the past few months.

Mobile App Index: 74.42(-2.60%) WE 9/16/11

VELT experienced huge price swings this week -- down over 10% on Monday and up over 15% on Tuesday -- but ultimately ended down.  The major indexes continued to gain through the week starting Tuesday and appears to be due to positive sentiment around the European debt crisis.  Not much news in the Mobile Application space.

Winners: GLUU +12.79%, VOCS +4.06%
Losers: COOL (-17.6%), MITK (-9.24%) NCTY (-4.73%), VELT (-4.13%)
Comparison: Dow +4.7%, Nasdaq +6.25%, S&P 500 +5.34%, EEM +1.3%, FONE +5.16%

Mobile App Index: 76.40 (-1.75%) WE 9/9/11

The index flattened its' trend by retreating 1.75% this week, but remains above its' 4-week moving average.  Compared to the major indexes, this weeks' decline showed some potential for strength too:  DJI (-2.58%), Nasdaq (-3.06%), S&P (-1.92%), EEM (-1.26%), FONE (-3.06%).  We are approaching the gadget laden holiday season after all.

Winners: MITK + 5.28%, COOL +12.18%
Losers: P (-14%), GLUU (-7.85%), VOCS (-6.43%), COBR (-6.21%), ROVI (-4.24%), VELT (-3.01%)

News/Analysis: Pandora (P) continued to attract criticism from the analyst community, but it is hard to determine if these criticisms are material or FUD PR generated by hedge-fund short-sellers.  Certainly the volatility in the market overall has yielded such great swings each day that it makes you wonder if the investment community is really clueless or if there is some method to the madness -- and it would be surprising if this weren't hard to discern.  There was not much news to report elsewhere within the index, but the Smartphone patent fights between all the major manufacturers and technology companies continue to shape up in Europe and elsewhere -- as long as it doesn't thwart the overall growth of this rapidly emerging technology space this litigious focus only underscores the value placed on its potential.

Mobile App Index: 77.76(+4.52%) WE 9/2/11

Broke through the 4-week Moving Average this week.

Winners: MITK +35.56%, ROVI +8.17%
Losers: P (-9.99%), VELT (-19.80%)

Comparison: DOW (-0.39%), Nasdaq (-0.02%), S&P (-0.24%), EEM +2.56%, FONE +5.83%

Mobile App Index: 74.4(+3.35%) WE 8/26/11

Winners: GLUU +20.47%, ROVI +5.68%, COOL +6.48%
Losers: VELT (-6.48%), NCTY (-6.23%)

Comparison: DOW +4.32%,  Nasdaq +4.74%, S&P +5.88%, EEM +2.12%, FONE +1.23%

Mobile App Index: 71.99(-7.31%) WE 8/19/11

Did not post for the past two weeks.  Catching up.

Winners: COOL +10.2%
Losers: GLUU (-25.51%), VOCS (-18.54%), AUGT (-11.8%), VELT (-9.83%).

Comparison: DOW -4%, Nasdaq -6.62%, S&P -4.69%, EEM -3.85%, FONE -4.41%