Good morning team.

This morning Dow futures are pointing to a 200 point gap up this morning as this amazing bull run continues.  In this kind of market a reversals can occur very fast.  Much faster than I can get notifications out to take profits.  So please everyone have a plan to not only protect profits but also capital if/when the bears show up to eat.  I’m not suggesting that will be today but we all need to be prepared.

BAC, if you are still holding this position keep in mind it reports earnings on the 17th.  A gap up open may be the perfect time to exit the trade an put those profits of more than 25% in the bank.

MSFT made a really nice move on Friday and closing with more than a 25% gain.  Again a gap up this morning may be a good time to consider profits.

The current VLO position is up 151%.  The position still looks very good but never let greed prevent you from taking a profit.  The same is true of the XLE position that is currently up 127%.

The trade in WMT is up 24%.  You make the call.

Those still holding CSCO are up huge.  Don;t let that go away.

Please understand I am not suggesting you need to sell any positions.  They all continue to look very good.  I’m only wanting to remind everyone not to let greed prevent you from taking profits.

Doug

Remember all trade ideas are for your evaluation and consideration.