Reduce cardio for fat loss?

So, I usually peruse the forums here in the evening just to see what tips I can pick up and today I've seen a few posts about reducing cardio and increasing strength training for fat loss. I am 5'4" and weigh about 120. I am currently doing P90X and that involves weights/resistance about 3 times a week and cardio/yoga the other days. I also do an hour of cardio every morning (power walking or a combo of power walking and running, depending how my legs feel). I have a lot of muscle in my arms and legs but still carry some fat in my lower abdomen and upper thighs that I'd like to get rid of.

I've read a little about High Intensity Interval Training (HIIT) and think I'll swap that out for some of my cardio a few times a week to see if it helps but does anyone have advice about fat loss? As far as calories go, I usually try to net somewhere between my BMR (1365) and my TDEE (2300ish). I have a heart rate monitor to help me keep track of calories burned and I am trying to go for a 40% carb/40%protein/20%fat ratio. I usually struggle to get enough protein but I'm getting the hang of it.

**if you take a look at my food diary don't be confused about the past three days... I was at an ultimate frisbee tournament and burned 2,000 to 3,000 extra calories a day. I know my eating habits weren't great over the weekend but I had limited resources to eat back so many of the calories I'd burned.