Market is pulling

When you hear a floor trader comment "market is pulling", they refer to the drop or rapid decline in price of overall markets like $SPY, $QQQ's, Nasdaq Future contracts etc., Since Market pullback is directly proportional to the stock price fluctuations of high beta names one needs to be nimble with their long position. If the market drop continues to worsen it is good to exit the short term long position or to switch bias in order to reduce the risk.