Mobile App Index: 48.64 (8.34)% WE 11/9/12

It's hard to believe that the index has lost over 50% of its' value since July 2011, but that's what happened this week.  All of the major indices plummeted this week, except FONE, but the negative earnings report from COBR contributed as well.  The only winner this week was the ever volatile VRNG.  On the one hand it appears that the elections contributed to this decline, but there also appears to be an underlying story about the consumer as well -- has their purchasing in this area slowed?

Upcoming Earnings: 11/13 VELT, 11/14 VRNG, 11/14 MITK, P 11/21, 1/9/2013 AUGT, 1/14/2013 COOL.

Winners: VRNG +22.38%, COOL +1.16%, ROVI +0.46%

Losers: COBR (23.59)%, MITK (18.04)%, GLUU (11.72)%, VOCS (11.1)%, VELT (9.64)%, AUGT (6.35)%, P (6.79)%

Comparison: DJI (2.12)%, Nasdaq (2.58)%, S&P500 (2.43)%, EEM (1.28)%, FONE +0.17%

Mobile App Index: 53.07 (3.71)% WE 11/2/12

Another sharp decline for the index and another new low -- and this week all of the major indices went up.  The declines of VRNG, GLUU  (6th week of declines)appear to be directly related to news on those stocks, but COOL (4th week of declines) and AUGT do not appear to have additional news surrounding their declines.  Prediction continues.

Upcoming Earnings: 11/5 ROVI, 11/5 MM, 11/5 EPOC, COBR 11/8, 11/13 VELT, 11/14 VRNG, 11/14 MITK, P 11/21, 1/9/2013 AUGT, 1/14/2013 COOL.

Winners: ROVI +13.26%, EPOC +6.7%

Losers: VRNG (30.75)%, GLUU (21.23)%, COOL (18.1)%, AUGT (17.11)%, MM (6.94)%, VOCS (5.42)%

Comparison: DJI +0.12%, Nasdaq +0.01%, S&P500 +0.39%, EEM +1.1%, FONE +2%