Friday, March 16, 2012

Mobile App Index: 80.97 +3.06% WE 3/16/12

Finally a positive week all around, and the Mobile Application Index gained more than the major indices.  The earnings season continued to bring volatility, however, as VELT went up while COOL went down -- I did not see the earnings announcement date for COOL either.  Assuming that the Europe crisis, always a wild card, is behind us for now, I would expect the index to meet the moving average this coming week.  NCTY earnings coming up next week Wed 3/21 9PM ET.

Winners: VELT +36.46%, AUGT +13.4%
Losers: P (10.26%), VOCS (7.91%), COOL (7.12%), EPOC (6.22%)
Comparison: DJI +2.39%, Nasdaq +2.24%, S&P500 +2.43%, EEM +0.69%, FONE +2.08%



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