Barron's Live A Market Technician Sizes Up Stocks and More
Nov 24, 2025
In this engaging discussion, Andy Addison, a seasoned technical analyst and the mind behind The Institutional View newsletter, delves into the current market landscape. He shares insights on cautious optimism for the S&P, the hidden strengths in smaller stocks, and a bullish outlook for gold and silver. Andy evaluates NVIDIA's support levels and offers strategies for managing Alphabet gains. Plus, he highlights emerging markets' potential and the importance of key crude oil support levels. Don't miss his predictions on where the markets may head next!
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Market Sloppiness Hides Broadening Strength
- The market shows short-term sloppiness but underlying breadth is improving as smaller caps begin holding moving averages.
- Andy Addison sees the S&P likely making new highs before only needing to contend with modest pullbacks.
Mega-Cap Dominance Meets A Long-Term Ceiling
- The S&P's concentration in a few mega-cap leaders has bumped into a long-term ceiling versus equal-weighted indices.
- Andy expects MAG7 leadership to fade next year while value and smaller stocks rotate into leadership.
Biotech Breakout Offers New Beta
- Equal-weighted biotech has broken out of a multi-year base and is attracting venture capital and M&A interest.
- Andy expects biotech to be a leading, high-beta group into 2026 as MAG7 fades.