The Mobile Application Index gained as predicted, but not as far as the major indices, which appeared to have bounced off of its' bottom on Monday. The big winner this week was MITK +20.71% which appears to maintain a very high degree of weekly volatility over the past month by flipping between $2 to $2.40 per share. I do not think that the major indices will climb as greatly next week and I expect that the MobiAppIndex will continue to slow its' volatility -- next week will be a slight gain or less than a 3.2% drop. As new products continue to roll out for Android over the next few months there may be an associated increase in interest in the stocks in this index.
Upcoming earnings: COOL 6/11
Comparison: DJI +3.58%, Nasdaq +4.04%, S&P 500 +3.73%, EEM +3.35%, FONE +3.31%
Winners: MITK +20.71%, NCTY +12.52%, P +10.94%, EPOC +10.05%, GLUU +4.45%, COBR +1.82%
Losers: AUGT (8.18)%, VELT (4.43)%, COOL (0.94)%
NOTE: the trendlines have been updated to reference the Feb (RED) line.
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