Nice two week rally leads to a short term overbought

The short term rally I was looking for from the last post has resulted in a two week rally for the stock market. This has now given short term overbought signals so a pull back or consolidation would not be of a surprise this coming week. I had a good two weeks so I may take a few profitable positions off the table for the short term. But as noted in the May 1st, 2013 post (please read for reference,) the medium term trend is still up for the time being as the indexes could continue to slowly grind higher while individual stocks could take the brunt of the correction.