The phrase "potential pullback" refers to a situation when something, like a stock or a market, might decrease in value after a period of growth. It suggests that there is a chance of a temporary decline or setback. Full definition
One ETF on our radar screen for potential pullback buy entry is iShares Nasdaq Biotech Index ($ IBB). (morpheustrading.com)
Nevertheless, select currency ETFs such as $ EUO or commodity ETFs like $ DZZ (both pointed out as potential pullback entries in the May 21 issue of our newsletter) could be nice plays because they have a low correlation to the direction of the overall equities markets. (morpheustrading.com)
On the morning of May 23, one day after the first significant broad market decline in more than a month, we targeted both Guggenheim Solar ETF ($ TAN) and Market Vectors Semiconductor ($ SMH) for potential pullback buy entry in our Wagner Daily newsletter (these two ETFs were actually pointed out as potential pullback entries in this May 22 blog post one day earlier). (morpheustrading.com)