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POMO and the U.S. Dollar Index Lift Markets Off the Lows

The major stock market indexes have all caught a sharp bid higher as the second round of POMO hit the market and the U.S. Dollar Index retreated from it's intra-day highs. The Dow Jones Industrial Average has reversed higher by more than 100.00 points in the last two hours. The S&P 500 Index and the NASDAQ Composite have made similar moves higher. Should the U.S. Dollar Index decline or pullback the markets could trade higher.