Stencil computations consume a major part of runtime in many scientific simulation codes. As prototypes for this class of algorithms we consider the iterative Jacobi and Gauss-Seidel smoothers and aim at highly efficient parallel implementations for cache-based multicore architectures. Temporal cache blocking is a known advanced optimization technique, which can reduce the pressure on the memory bus significantly. We apply and refine this optimization for a recently presented temporal blocking strategy designed to explicitly utilize multicore characteristics. Especially for the case of Gauss-Seidel smoothers we show that simultaneous multi-threading (SMT) can yield substantial performance improvements for our optimized algorithm.