Welcome into StocktwitsTV. Michele Steele is joined by Evan Medeiros, founder of TradeRisk and a full-time trader, to map out what’s real in this rally and what’s just noise.
Evan’s base case has been sideways, volatile, and frustrating, but he upgrades the forecast slightly after seeing semiconductors attempt new highs. He says that strength matters because chips are an influential group after a rough first quarter for tech.
From there, Evan runs through his watchlist:
Space: He thinks SpaceX IPO hype is putting a magnifying glass on the whole space complex, lifting names like Planet, Rocket Lab, and AST. Since he’s not a space specialist, he prefers broad exposure through the UFO ETF to participate in the trend while staying cautious about unprofitable single names.
Biotech: Evan says biotech has gone nowhere for years, creating pent-up energy as valuations look attractive. He highlights tailwinds like the GLP-1 wave, a patent cliff, and rising acquisition premiums, and he prefers playing the theme through XBI rather than picking single stocks.
Tesla: He calls it a “hold your nose” buy driven by timing, positioning, and washed-out sentiment. After years of flat performance and a major correction from highs, he frames Tesla as an asymmetric bet tied to autonomy and other long-term optionality, while managing risk by selling calls against the position.
Cloudflare: Evan’s favorite software name. He argues Cloudflare acts like a tollkeeper on internet traffic, and that an agentic AI future increases the value of that positioning. He views NET as a relative strength leader in software, even as the broader sector has been under pressure, and he also uses covered calls to manage the position.
He closes with one thing to watch: whether semiconductors can close the week at weekly all-time highs, which would strengthen the bull case.
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Chapters / Timestamps
00:03 - Evan joins StocktwitsTV
03:34 - Rally real or head fake
03:59 - Semis signal strength
04:39 - Tech drawdown context
05:08 - SpaceX hype lifts space
06:11 - UFO ETF approach
07:07 - Space stocks breaking out
08:24 - Why broad exposure
08:54 - Biotech setup begins
09:26 - XBI and IBB framing
09:55 - Five years flat
10:19 - Tailwinds and valuations
11:09 - Patent cliff and M and A
11:35 - AI speeds drug development
12:03 - Biotech breakout call
12:41 - M and A premium angle
13:23 - Tesla “hold your nose”
14:13 - Sentiment and positioning
15:34 - Four years of waiting
16:04 - Asymmetric upside thesis
17:55 - Tesla as call option
20:45 - Covered calls risk control
21:25 - Cloudflare case
22:51 - NET vs software strength
23:35 - AI agents tollkeeper thesis
24:58 - NET down day context
25:24 - Buying level question
25:47 - Managing with covered calls
26:29 - Week ahead idea
26:52 - Watch semis weekly close
27:26 - Where to find Evan
