Mobile App Index: 69.52 (2.85)% WE 4/20/12

Last week it was 71.57 (1.84)%, and the comparison indices behaved as expected -- they were all down significantly:  DJI (1.61)%, Nasdaq (2.25)%, S&P (1)%, EEM (1.33)%, FONE (2.97)%.

Earnings season is coming up again -- current list below.  Comparison indices were mixed this week, while the Mobile Application Index and FONE were down significantly and broadly.  Clearly volatility is expected at this point, but the downward trend focused on the index and FONE make me wonder if the major indices will experience another decline in the coming week -- certainly there were more rumblings about the never ending european debt crisis in the news this week. Let's call that a prediction. It would appear, though, that the index itself will find its' bottom very soon, however.

Earnings:  COBR 4/27 11am ET, EPOC 5/1 5pm ET, ROVI 5/3 4:30pm ET, GLUU 5/2 4:30pm ET

Comparison: DJI 1.35%, Nasdaq (0.36)%, S&P500 0.6%, EEM 0.31%, FONE (1.86%)

Winners: AUGT 4.29%. COBR 0.5%, EPOC 0.5%

Losers: COOL (8)%, VELT (7.34)%, GLUU (7.08)%, MITK (6.82)%, P (4.27)%,  NCTY (3.43)%, ROVI (2.33)%, VOCS (1.73)%