I don't know if this matters, but my thermometer is not in the shade, so it measures the temperature in the direct light.
Anyway, direct light or not, 40C was too high, so here is what I did to solve the heat issue:
1. I moved the CFL lights further up and away from the seedling - a good 80 centimeters above the pot.
2. I removed the largest and hottest CFL bulb.
Now the temperature is down to 31C, but I lost a lot of light intensity. Hopefully, this won't be a problem because seedlings don't need as much light as flowering plants do. When she grows up and establishes herself, I will lower the lights once again and I will utilize the large CFL that I just removed.
If lowering the temperature doesn't cure my problem, I will have to look for other possible issues that might be causing the yellowing of the tips.