Stockhouse @ the Bell: Tech terrific on Wall Street; TSX flat despite $70 oil

Today on Stockhouse

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According to Tom Dyson and Brian Hunt of DailyWealth, trend is your friend with gold stocks.

Commodities investing: The three greenest shoots of all, from Andrew Mickey.

McDonalds, Caterpillar sees surge in put selling, notes Jud Pyle.

An incredible shorting opportunity is at hand, explains Jeff Clark of Growth Stock Wire.

Which commodity is about to explode next? asks Chris Vermeulen.

For more articles on gold and silver, please visit the Stockhouse gold & silver feature supplement: https://www.stockhousefeatures.com/gold-and-silver/

Buzz on the Boards looked in on the MedMira (TSX: V.MIR, Stock Forum) and Serica Energy (TSX: V.SQZ, Stock Forum) Bullboards.

Top Bullboards post: “As of this moment, the U.S. dollar index is right on the Neckline of the 30-year Head&Shoulder formation which is between 78 and 80, I worry that in the months ahead, it will just stay above this Neckline and oscillate between 78 and 90. If it falls below last year's low of 71.6, it will trigger a global run-away inflation, may be a double-digit inflation similar to that in the late 1970's. So I think the government will likely keep it at this level to give the weak economy just enough stimulation to recover [sic].” – From Empiremaker on the First Metals (TSX: T.FMA, Stock Forum) Bullboard.

Top Bullboard: The Noveko International (TSX: T.EKO, Stock Forum) Bullboard was today’s most posted board.

Top blog: “Silver market fundamentals distorted by bullion-ETF's”, says littleguy123 on the Outside the Market blog Tuesday.

For news about small stocks that made big moves in Tuesday trading, please read the Stockhouse Canadian Small and Micro-cap Stock Report.

Word on Wall Street

"There are still some negative undercurrents in the stock market right now," Todd Leone, head of listed trading at Cowen & Co. in New York told MarketWatch. "But the good news is that it hasn't totally fallen apart, which is encouraging."

Today In The Markets

TSX closes flat, oil closes above US$70 for first time since November; N.Y. mixed

DJIA	8,763.06	-1.43
NASDAQ	1,860.13	+17.73
S&P500	942.43	+3.29
S&P/TSX	10,547.86	-1.26
S&P/TSX Venture	1,143.96	+12.14

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TORONTO, NEW YORK (CP) - The Toronto stock market drifted to a flat close Tuesday but the market found support from the energy sector as oil prices closed at their highest level in seven months.

The S&P/TSX composite index slipped 1.26 points to 10,547.86, stalling for a second day as investors worry the three month old rally may have run its course. The TSX Venture Exchange climbed 12.14 points to 1,143.96.

The Dow Jones industrial average moved 1.43 points lower to 8,763.06. The Nasdaq was up 17.73 points to 1,860.13, supported by positive news from chip maker Texas Instruments Inc., which raised expectations for its second-quarter profit and revenue and its shares ran ahead $1.25 to US$21.02. The S&P 500 was up 3.29 points at 942.43.

Please click here for the current U.S. and Canadian market summaries.

After-Hours News

Lakeside Steel (TSX: V.LS)
After Tuesday’s close, the company reported fiscal 2009 revenue of $206,925,802, a 28.1% increase from $161,486,304 for the year ended March 31, 2008. Net income for the year was $6,542,700, or 10 cents a share, compared with a net loss of $5,385,357, or 11 cents a share, in fiscal 2008.