Dan Deming analyzes the recent performance of E-mini Nasdaq-100 futures as they maintain upward momentum, trading higher for a fourth consecutive session and pushing past the 31,000 level. Driven by steady tech sector performance and an ongoing AI build-out, the index shows strong relative strength compared to other major averages. Softening nonfarm payrolls data initially helped ease interest rate concerns, providing additional support for equities. While the S&P 500 approaches its own record highs and the Russell 2000 posts strong daily gains, the Dow remains well below recent peaks, highlighting a dispersion in market leadership.