Mobile App Index: 77.52 4.22% WE 1/27/12

Comparison indices of FONE and EEM completed their 6th straight week of climbing into positive territory and have gained approximately 16% each -- a great sign for the overall world economy.  In a similar vein, P is on a 5 week climb, AUGT is on a 4 week climb and VELT has completed 3 weeks in positive territory.  ROVI was picked up by a new analyst, B. Riley, and gave them a 'buy' rating before the earnings report.  In short, a lot of good news for the Mobile Application Index and greater markets.  The prediction of the index staying above the 4-week moving average proved correct, and the expectation that the index would show a broadening of positive movement proved true, along with the last expectation that the broader indices would not carry the index -- the Mobile Application Index beat all of the other comparison indices this week.  And lastly COOL did surprise us with a return this week -- in fact it was this weeks' biggest winner.

Comparison: DJI (0.47%), Nasdaq +1.07%, S&P500 +0.07%, EEM +2.39%, FONE +1.16%

Winners: COOL 19.34%, AUGT 17.30%, VOCS 14.11%, GLUU 9.51%, VELT 3.41%, ROVI 2.72%
NOTE: AUGT passed the $2.00 mark this week -- re-setting the counter for inclusion in the index.  Re-balancing and re-assessing the index will occur after the earnings season has passed.

Losers: COBR (3.16%), NCTY (1.89%), MITK (0.23%)

I think that we can officially declare that the Mobile Application Index now runs in a bullish direction.  It's true historic market bottom now appears to have been somewhere between 10/3/2011 and 11/25/2011, and showed clear recovery signs starting after 12/30/2011.  While we could see very rapid rises in the index in the coming weeks -- because it fell like a stone starting at the end of July 2011 -- my hope is that we will see a more rational return to its' 'true value state.'  I believe these stocks remain somewhat under valued, from the standpoint of the overall stock market, but so many stocks available on the NYSE and Nasdaq can claim the same -- another reason to wish for measured and intentional investment decisions and not the frenetic hedge-fund short-selling volatility focused stuff we've endured for too long.  Having said that, I do not believe that the Mobile Application Index will go up 4.22% in the coming week -- it will be less than 4.22%.