Good morning!
I forgot that I like cashing out, it's a real weight off your shoulders not having to worry about positions. Not that I "worry" about LTP positions but, even for me, there's a little something that I don't think about until it's gone - like it is today. It helps you step back and gain some perspective because cash opens up a World of POSSIBILITIES that positions don't give you.
Anyway, enough philosophy - let's find some trades!
I just got stopped out of /NKD (off 19,600) and /TF (off 1,255) so no Futures either so we're really starting from scratch here. The STP is WAY too bearish, of course, since it has nothing to protect. As noted by Albo, LL is popping and we liked them enough to keep them in the LTP, so we'll see how things go on them:
I posted the STP and LTP in yesterday's comments but I was away for the weekend and didn't get a chance to clean up March trades that finished, nor have I logged the sales in the LTP but we are left with:
- USO
- ABX
- HOV
- RIG
- BHI
- CIM stock and short calls stay – puts go.
- CLF
- LL
- LULU (it's a bearish trade)
- MAT
- UCO
Obviously, one thing they all have in common is they are low in their channels. That's how we built the LTP in the first place - we bought stocks from our Buy List whenever they were low in their channels. We also have a bit of diversity with ABX and CLF representing materials, UCO, USO, RIG and BHI representing the energy sector HOV and CIM are housing, MAT, LULU and LL are consumer (but we're short LULU) and GTAT represents penny stocks. 
I think pretty much all of these are on Jabob's FU list, so we're in excellent shape going forward.
