Mobile App Index: 63.71 +0.41% WE 7/6/12

The Mobile Application Index edged upwards a bit this week and the major indices did quite well too -- prediction achieved.  GLUU is now on a 5-week positive streak -- it's nice to see that kind of sustained climb coming back into the index.  AUGT will announce earnings in the coming week -- fingers crossed :-).  Next week more of the same, but maybe not quite so positive for the major indices.

Winners: MITK +10.03%, AUGT +5.23%, COOL +2%, GLUU +1.98%
Losers: ROVI (6.17)%, NCTY (3.63)%, VOCS (1.67)%, COBR (1.59)%
Comparison: DJI +1.04%, Nasdaq +1.55%, S&P 500 +1.93%, EEM +3.43%, FONE (0.13)%

On a separate note, it does appear that the worlds' financial institutions are being called to task on accountability -- there was the LIBOR scam, and Taibbi's article on the scams involving US public bond yields.  This can only be viewed as a healthy process as oversight is a key to preventing further collapses and the associated volatility.