Is soxl the best etf to buy Monday and sell before the market closes?

**SOXL is not the best ETF to buy on Monday and sell before the market closes.** Here's why: 1. **High Volatility and Risk**: SOXL is a leveraged ETF with 3x daily exposure to the semiconductor sector, which means it amplifies both gains and losses. This high volatility poses significant risk, especially for short-term trading. 2. **Recent Performance**: The ETF has experienced a volatile ride, with a sharp increase from mid-April to mid-June, followed by a significant decline. This volatility could continue, making it challenging to predict a stable short-term performance. 3. **Technical Indicators**: The MACD is at -6.25, and the RSI is at 42.99, indicating a bearish trend in the semiconductor sector. This suggests that the market may continue to pressure the ETF, making it a risky choice for a short-term trade. 4. **Market Sentiment**: The sentiment around SOXL is cautious, with a Sell Candidate assessment and a projected fall of -24.29% over the next three months. This sentiment indicates that the ETF may not provide a favorable short-term investment opportunity. 5. **Potential for Losses**: Given the risk profile of SOXL and the bearish technical indicators, there is a higher potential for losses compared to gains in a short-term trade. This makes it a risky choice for a weekend investment. In conclusion, while SOXL may offer potential for high returns, it also carries a significantly higher risk profile, making it unsuitable for a weekend trade. Investors should consider their risk tolerance and investment goals before making such decisions.