GASL DAY-TRADE

• There is a danger of holding leveraged ETF for a long term, on account of erosion in asset value that is known as "leveraged decay". They are also extremely volatile and risky.  The higher the volatility, the more adversely affected is the leveraged ETF. In addition, expenses are high as leveraged ETFs require active portfolio management. Leveraged ETFs should be seen as extremely short-term bets on specific market moves or as a way to hedge some specific market exposure.Therefore I would never recommend them as part of regular portfolio, since a chance of loss is great.
•  However for more aggressive trader its suitable as a day-trade.In  case of the day trade I would suggest to watch the first 15 -30 min of the market and see if the price will break the low or the high of the ETFs movement from  the opening of the market.
• Regarding GASL see if you can enter at the price of 43.89-44 a bit higher than previous low and get out on the high around 45.5045.60 (1/2 of daily ATR). The values are just probability numbers and depends on Mondays market.I would suggest a very tight stop, what ever comfortable for you since probability of loss is greater than usual. If you more conservative trader then enter on 1 tick above the high  of previous bar as usual to prevent whipsaws.