Is tqqq a good etf to buy Monday and sell when the market closes

**TQQQ is not a good ETF to buy on Monday and sell before the market closes for the following reasons**:

1. **Leverage and Volatility**: TQQQ is a leveraged ETF that seeks to provide 3x exposure to the NASDAQ-100 Index. This leverage amplifies both gains and losses, which can lead to higher volatility compared to non-leveraged ETFs.
2. **Recent Performance**: The RSI for TQQQ is at 69.29, which is close to the overbought territory. This suggests that the ETF may be due for a pullback or consolidation, making it a risky choice for a short-term trade.

|Ticker|Name|Date|macd|RSI|code|market_code|
|---|---|---|---|---|---|---|
|QQQX.O|Nuveen Nasdaq 100 Dynamic Overwrite|20240816|0.2103|69.2916|QQQX|185|

3. **Moving Averages**: The 20-day moving average is $24.14, and the 50-day moving average is $24.66. The proximity of these averages indicates that the ETF is trading in a narrow range, which could lead to limited profit opportunities over the short term.

|Ticker|Name|Date|ma20|ma50|code|market_code|
|---|---|---|---|---|---|---|
|QQQX.O|Nuveen Nasdaq 100 Dynamic Overwrite|20240816|24.1355|24.6556|QQQX|185|

4. **Support and Resistance Levels**: The support level is at $24.33, and the resistance level is at $24.75. Given that the ETF is trading close to the resistance level, it may face selling pressure, limiting its upside potential.

|Ticker|Name|Date|Resistance Level (Narrow)|Support Level (Narrow)|code|market_code|
|---|---|---|---|---|---|---|
|QQQX.O|Nuveen Nasdaq 100 Dynamic Overwrite|20240816|24.75|24.33|QQQX|185|

5. **Market Sentiment**: Leveraged ETFs like TQQQ are not suitable for long-term holding. Given that the market sentiment is not indicative of a strong bullish trend, the weekend's performance may not be indicative of a short-term surge.

In conclusion, while TQQQ offers leverage and potential for high returns, it also carries significant risk due to its volatility and the potential for rapid price changes. It may not be the best choice for a short-term trade over the weekend. Investors should consider their risk tolerance and investment goals before making such decisions.