Earnings from dozens of companies could set the tone Thursday, but analysts are looking at the action in markets themselves.
On Wednesday oil again defied expectations and moved higher, serving as a positive force for stocks and a negative one for bonds. Stocks were slightly higher, with the S&P 500 up almost 2 points at 2,102, and the Dow up 42 at 18,096.
"What's not to like here?" said Ari Wald, technical analyst at Oppenheimer, of the stock market. "We're expecting the market to break higher." The S&P is closing in on its all-time high of 2,134, set in May 2015.