Market Trends & Technical Analysis - Shorting at or near all-time highs is generally not advisable due to the absence of resistance on the charts and positive momentum [2] - Deteriorating breadth in recent weeks may offer some shorting opportunities, but not on a broad basis [2] - The VIX is stabilizing and inching above its 50-day moving average; clearing its 200-day moving average at 1930% would be a risk indicator for the S&P 500 [3] - The 20-day moving average has been a valuable trend-following input since the April low [4] - Overbought conditions are not inherently negative, but downturns following overbought readings, indicated by stochastics or RSIs, should be monitored [8][9] Company Specific Analysis - Mega caps have diverged, with Microsoft and Nvidia underperforming, while Tesla and Alphabet have shown significant gains [6] - Losing support from other mega caps, especially Alphabet, could be detrimental to major indices [7] - Intel shows a confirmed breakout with potential upside, with initial resistance in line and secondary resistance targeting $38-$39 [9][10] - Intel provides technical diversity to a portfolio [11] Economic Indicators & Potential Risks - A seasonal pullback is anticipated between now and mid-October [7] - Treasury yields and the dollar index are near key support levels; a breakdown in 10-year yields below 400% could target 367%, with a further breakdown targeting 322% [12] - Initial pain may precede the positive impact of rate cut cycles [15] Cryptocurrency Analysis - Bitcoin has moved to a bearish short-term bias due to a short-term overbought downturn, within the context of an intermediate-term range following a long-term breakout [16] - Key support levels for Bitcoin are around $108 (former resistance) and the 200-day moving average around $103 [16][17]