Daily Small Cap Market News and Stock Highlights from SmallCapVoice.com

SmallCapVoice.com, Inc., a recognized corporate consulting firm known for its ability to help emerging growth companies build a following among retail and institutional investors, provides the following market commentary and small cap stock highlights:

Stocks Give Back Some of Last Weeks Huge Gains

A strong rise in energy stocks is helping to offset weakness in financials and telecom and shares have erased much of their early losses. There is nothing specific to account for the modest volatility as traders balance expectations of more stimulus with nagging fears that this recession will be longer and deeper than many prior downturns.

Wall Street found encouragement from a government report that construction spending fell less than forecast. The Commerce Department said construction spending dropped by 0.6 percent in November, half the 1.3 percent decline Wall Street expected.

In midmorning trading, the Dow Jones industrial average fell 71.28, or 0.79 percent, to 8,963.41.

Broader stock indicators also declined. The Standard & Poor's 500 index fell 7.10, or 0.76 percent, to 924.70, and the Nasdaq composite index fell 19.65, or 1.20 percent, to 1,612.56.

On Friday, the Dow shot up more than 250 points to its first close above 9,000 in two months. Last week, all the major indexes gained more than 6 percent, furthering a rally off multiyear lows that began Nov. 20.

Bond prices pulled back Monday. The yield on the benchmark 10-year Treasury note, which moves opposite its price, rose to 2.45 percent from 2.39 percent late Friday. The yield on the three-month T-bill, considered one of the safest investments, rose to 0.09 percent from 0.07 percent.

The dollar mixed against other major currencies, while gold prices fell.

Crude oil prices rose 96 cents to $47.30 a barrel on the New York Mercantile Exchange.

Yesterday’s Top Performing SmallCapVoice.com stocks:

Seven Arts Pictures plc (OTC BB: SAPXF) was yesterday’s SmallCapVoice.com top performer moving up over 56% on trading volume of 16,000 shares.

Today’s SmallCapVoice.com Hot Stock to Watch:

Capital City Energy Group, Inc.  (OTC BB: CETG) is today’s hot stock to watch.

Capital City Energy Group, Inc. announced that as of December 31, 2008 it has completed the acquisition of Hotwell Services Inc., or “Hotwell” an emerging oilfield service company operating in the Appalachian Basin. Capital City purchased Hotwell for $5 million (USD), through the issuance of 2.78 million shares of restricted common stock valued at $1.80 per share. Based on current projections, Hotwell could add an additional $2,000,000 in gross revenue per month and $700,000 per month in net cash flow for 2009.

A full version of the press release can be viewed at http://biz.yahoo.com/bw/090105/20090105005588.html?.v=1

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About SmallCapVoice.com

SmallCapVoice.com is a recognized corporate investor relations firm, with clients nationwide.  Known for its ability to help emerging growth companies build a following among retail and institutional investors, SmallCapVoice.com utilizes its stock newsletter to feature its daily stock picks, audio interviews, as well as its client's financial news releases. SmallCapVoice.com also offers individual investors with all the tools they need to make informed decisions about the stocks they are interested in. Tools like our stock charts, stock alerts, and our investor fact sheets can assist with investing in stocks that are traded on the OTC BB and Pink Sheets.

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Stuart T. Smith

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ssmith@smallcapvoice.com
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