Investors are getting more defensive when it comes to the outperformers, says Kevin Green, pointing out the cautious tone in market breadth. He offers his take on warning signals to consider in equities and crude oil. On Intel (INTC) earnings, he calls the report "phenomenal" and notes a likely short squeeze in options activity. TSMC (TSM) shares are set to open at record highs after Reuters reported that the company will open an Arizona plant in 2029.