Nasdaq 100 e mini futures futures contracts on Nasdaq 100 E-mini

Futures contracts on Nasdaq 100 E-mini closed slightly green yesterday, with a notable increase in open interest. This could imply fresh longs entering the market in anticipation of the Fed’s policy decision. December 10-year T-notes (ZNZ5) today are up +13 ticks.  The 10-year T-note yield is down -5.5 bp to 4.095%.  Dec T-notes climbed to a 1-week high today, and the 10-year T-note yield fell to a 1.5-week low of 4.092%.  T-notes rallied today on signs of weakness in the US labor market after the Sep ADP employment change unexpectedly declined for a second month.  The shutdown of the US government and weakness in stocks today have also boosted safe-haven demand for T-notes. Recently beaten-down energy producers and energy service providers are moving higher today.  Marathon Petroleum ( MPC ) and APA Corp ( APA ) are up more than +2%.  Also, Devon Energy ( DVN ), Diamondback Energy ( FANG ), Haliburton ( HAL ), Phillips 66 ( PSX ), Exxon Mobil ( XOM ), Baker Hughes ( BKR ), and ConocoPhillips ( COP ) are up more than +1%. Nasdaq 100 E-mini futures have bounced from their weekly low of 15,150 after buyers stepped in, particularly in high-beta growth names. Technical charts underline a potential ascending channel breakout if earnings guidance from major tech firms beats consensus.