Risk Disclaimer

The positions in this portfolio are incredibly risky and extremely volatile.

No one at Get Irked is a professional financial adviser (or a doctor), so consult with your own financial adviser to see if any of these positions fit your risk profile (and stomach).

Short SPY ETF (SPXU)

With the S&P 500 rallying epically throughout the week, naturally the week’s biggest loser is the ProShares’ leveraged inverse ETF on the SPY, SPXU, which moves roughly triple the distance the opposite direction of the S&P 500. In this case, SPXU, dropped -9.55%, coming in as the Week’s Biggest Loser.

Short QQQ (QID): Added to Position

As stocks continued to rally throughout the week, investors piled into Big Tech which caused the ProShares UltraShort QQQ (QID), my inverse ETF on the NASDAQ, to trigger my next two buy orders which filled at $18.00 and $17.65 on Friday, giving me an average buying price of $17.83.

The buys lowered my per-share cost -2.69% from $19.68 to $19.15. From here, my next buy target is $17.15, above a past point of support, and my next sell target is $21.85, under a past point of resistance.

QID closed the week at $17.57, down -1.46% from my $17.83 average buy.

Short SPY (SPXU): Added to Position x 2

On Wednesday, I added to my ProShares UltraPro Short S&P 500 (SPXU) position with a buy that filled at $14.44 as I continue to feel this rally into the end-of-the-month may flip over when banks start reporting in April. On Friday, when SPY continued to rally, I continued to add to my SPXU position with another buy which filled at $13.86, giving me an average buying price of $14.15.

The combined buys lowered my per-share cost -2.37% from $14.75 to $14.40. From here, I will add more at $13.45, above a past point of support, and I will begin taking profits at $16.55, just below a past point of resistance and under SPXU’s 200-day Moving Average.

SPXU closed the week at $13.48, down -4.73% from my $14.15 average buy.

U.S. Natural Gas Fund (UNG): Added to Position

Natural gas continued to sell off again this week, with the U.S. Natural Gas Fund (UNG) drilling to new lows (pun intended) on Monday where it triggered my next buy order which filled at $7.01.

The buy locked in a -28.69% replacing some of the shares I sold for $9.83 on March 3 and lowered my per-share cost -1.16% from $8.60 to $8.50. From here, my next buy target is $6.25, a price calculated using the Fibonacci Method, and my next sell target is $9.55, just under the high from UNG’s run earlier in March.

UNG closed the week at $6.94 down -1.00% from where I added Monday.