Mobile App Index: 92.35(-3.32%) WE 6/17/11

A hollow prediction: the major indexes slowed their decline -- The Nasdaq (-1.03%), EEM (-1.46%), S&P 500 (+0.04%) and Dow Jones (+0.44%) -- but the Mobile Application Stock Index plummeted this week -- the second worst week since tracking began.

Winners: AUGT +17.60%

Losers: COOL (-20.5%) fell a week after climbing 30%,  VRNG (-10.6%) and BGO (-8.57%).

Another big loser, and candidate for the MobiApp index was Pandora (NYSE:P), which fell 16.25% from its' IPO valuation of $16 and 44.74% from its' recorded trading day high of $24.25.  Another negative vote for IPOs.  The MobiApp index will be updated sometime this summer, and will involve a reset of all stocks back to an even distribution.

This is the net change of the MobiApp stocks since 5/6 to 6/17:

VRNG	-36.44%
GLUU	14.97%
ROVI	11.13%
COBR	-6.85%
BGO	-30.43%
NCTY	-21.20%
VOCS	-1.72%
AUGT	-14.29%
VELT	-15.83%
COOL	-0.62%

The terms bell weather and 'canary in the coal mine' were mentioned in a Barron's Blog Post this week -- last weeks' view on this index merits further consideration.  This post about Nvidia, a related stock, goes on to theorize that consumers recently lost much of the discretionary income required for Mobile related purchases.  That would potentially explain the recent capricious stock changes, but it also underscores the potential hidden assumption that the United States is the driving force for sales.  If true, this is changing very quickly -- these technologies are growing rapidly in emerging markets -- and makes for a challenge when assessing stock value.

Mobile App Index: 95.53 (-0.51%) WE 6/10/11

Compared to the rest of the market, at -0.51% the MobiAppIndex performed well this week. The Nasdaq (-3.25%), EEM (-2.92%), S&P 500 (-2.24%) and Dow Jones (-1.63%) were all significantly down for the week. 

In addition, VRNG and BGO stopped their 4-week slides by producing gains of 3.23% and 10.53% respectively.  With the exception of Chinese NCTY (this weeks biggest loser at -20.8%) the gaming portion of this index continues to outperform all other stocks in the index -- COOL jumped 30% this week and earned the winners' spot.

I am wondering if the Mobile Application Stock Index descent may be bottoming out and what this says to us about the recent overall market decline.  Did the indexes steep decline starting on 5/14 serve as a leading indicator for the market?  Do we expect the overall market decline to slow in the coming week?  I'll venture a guess and say "Yes, that is my prediction." The Reason: this technology area represents future growth in the stock market and what to expect from the bigger indexes.

Mobile App Index: 96.02 (-1.67%) WE 6/3/11

The MobiAppIndex did reasonably well against the Dow and Nasdaq this week -- they posted losses of 2.87% and 1.80% respectively.  If you remove VRNG (-17.55%) and BGO (-6.86%) from the calculation, the biggest losers this week and their fourth straight week of decline, the index actually gained 0.42% overall for the week. 

While there continues to be almost no news for BGO, VRNG was in the news because they recieved a deficiency notice from NYSE AMEX and may be delisted.  VRNG may be removed from the list in the coming weeks as it no longer meets the basic criteria for inclusion in the index -- it is now below $2/share.

The big winners for the week were AUGT (+8.05%), which stopped its three week slide, and COBR (+6.61%).  These gains are especially noteworthy in light of the signficant overall decline in the markets this week.