Mobile App Index: 59.69 +1.23% WE 7/27/12

Finally -- in a week that could be considered a squeaker the predictions all came true.  The index produced all of its' gains on the last trading day of the week, and since it was produced by mixed results from the other stocks this indicates that the index could go either way in the coming week.  Prediction is that the Mobiapp index will continue to slowly move in a positive direction, but the major indices will be mixed.

MITK was the biggest winner by releasing their earnings this week (7/24) -- a surprise event that was not listed in the 'upcoming earnings' section.  :-(  COBR and VOCS did well too.  MM has been added to the upcoming earnings and will be added to the index in the coming weeks. 

The comparison indices of FONE and EEM performed better than expected which could be a harbinger of continuing this next week and possibly turning this into a trend. With the deepening commitment by the financial community, it appears that finally there is a reason to expect a light at the end of the European debt crisis debacle.  Other related stocks like AAPL, FB and ZYNG fell dramatically this week, but related stocks like GOOG and NVDA did well, so it could be more indicative of shifting within the industry and not a statement on the industry overall -- the strong advance of FONE supports this.  Lastly we have some indication that justice will be served or is being served in many of the situations where the spirit of investing has appeared to be supplanted by *gaming* -- the LIBOR work continues and we have a shake-up under way at JP Morgan.

Upcoming Earnings:  ROVI 8/2 5pm ET,  8/7 GLUU 4:30pm ET, EPOC 8/7 5pm EDT, VELT 8/14 3:30pm ET?, MM 8/8 5pm ET
Winners: MITK +12.5%, COBR +7.97%, EPOC +6.22%, ROVI +5.84%, AUGT +4.94%, VOCS +3.08%

Losers: GLUU (11.99)%, VELT (6.16)%, NCTY (5.93)%, P (5.02)%, COOL (2.15)%

Comparison: DJI +1.97%, Nasdaq +1.12%, S&P500 +1.71%, EEM +2.46%, FONE +3.14%

The pattern we're seeing around 59-65 for the past two months indicates that there is some "strength" as a base.  This supports the case for the index moving upwards overall.