As early US markets get underway there is a degree of rotation playing out right now between the Nasdaq 100 and the Dow Jones futures. The Nasdaq 100 futures have now fallen back from an implied opening closer to 19,500 and not much above 19,425. At the same time the Dow Jones futures have lifted to imply an opening above 41,500. Hence, we have clear divergence between the two indexes. Now that might chop and change again, both ahead of the opening and after it, as it has been prone to do so many times before. The Nasdaq 100 is currently priced to reopen around 19,430