Persistent upward momentum but still short term risk ahead.

Stock market ended the week about 1.5% higher than the previous week with about an 1% pullback at the early part of the week. With the persistent upward momentum the last two weeks, this lessen the possibility of a big pullback correction back to the November lows 2+ weeks ago. Given the short term overbought there's still chance of some consolidation/pause or pullback. If the strong momentum continues then there could be no more than 1 to 3% pullbacks as the stock market make a slow move higher. With the uncertainty for the moment I don't intend to trade more than 20% of my portfolio this week (unlike 2+ weeks ago when I was 100% invested based on the medium term buy signals at that time.)