Nike is going higher and has recovered above its pre-earnings close after gapping down as much as 10% on earnings, rising from $31 pre-market to near $36. He is not a buyer here because it has gone too far, too fast, and took profits today, but will buy on a pullback.

In fact, a lot of the stocks that I've been highlighting recently to you, like Clorox, like Nike, these are stocks that are going higher. In fact, Nike pushing up this morning again.

It is now above the level where it basically came out with earnings and got crushed on earnings. It's now above that close from just prior to earnings.

Speaking of Nike, I just mentioned it. Take a look at this, guys. This was your gap down on earnings. The stock was down as much as 10% pre-market on earnings here. it. Then look, it's gone up almost every day since and is up pre-market.

Now, is it a buy here? No. In fact, I took profits on this trade in Smart Money Stocks today because it's just gone a little too far, too fast. I mean, it's up from $31 pre-market to now nearing $36.

That's a big percentage move. Now, on a pullback, I will absolutely be looking to buy it.