Dow adds 150 points, S&P back above Aug. low as oil bounces

[brooklynite]

CNBC:

U.S. stocks traded higher Thursday, trying to extend Wednesday's late-session recovery as oil bounced from multiyear lows.

Also supporting gains were morning comments from European Central Bank President Mario Draghi that raised hopes of more stimulus.

Oil continued to trade near lows not seen since 2003, with U.S. crude trying for gains, up more than half a percent near $28.60 a barrel as of 10:34 a.m. ET. Weekly oil inventories are due later in the morning and could cause more volatility in oil prices.

"I think oil's first, the trading range (in the S&P 500) is second, and what goes on in Asia is third," said Robert Pavlik, chief market strategist at Boston Private Wealth. "I think it's in that order. If oil can stabilize and not present an issue for the day then it becomes a range focus."

Play the long game.

[FreakinDJ]

1. Peaks and valleys but trending down over 3 month avg

[marmar]

2. Only cause Draghi issued some statement about extending QE....

..... because it's worked out so well thus far . Central Bankers, worse than the worst alchemists, are out of ammo, and they know it.