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.