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I’m posting this Friday rundown a little late. Hey its Monday, Memorial Day, and so here it is.

My index funds and TWM position took a hit as the market went up and I was short. However, I did make a flip at the end of trading to the long side.

I see the Chinese Markets are up to new all time highs as well as the KOSPI, South Korean index is up to new all time highs as well. They get to trade on Monday.

Asian stocks rose on Monday, with China’s market surging to an all-time high and South Korea also hitting a record, as a rally in metals prices lifted miners and a stronger dollar boosted shares in Japanese exporters.

The U.S. currency hovered near a three-month high against the yen and a six-week peak to the euro as traders bet weak U.S. housing data late last week was not enough to warrant a cut in U.S. interest rates later in the year.

Crude oil prices eased about a third of a percent after a Nigerian oil union strike was suspended at the weekend, but remained above $70 a barrel on worries about gasoline supplies ahead of the U.S. summer holiday season.European shares were expected to open firmer, but activity was seen limited with several markets, including Britain and Germany, and the United States, closed for public holidays.

Tokyo’s Nikkei rose 0.6 percent, while MSCI’s index of shares elsewhere in the Asia Pacific region was up 0.4 percent at 0640 GMT

“Last week’s trend of the weaker yen is continuing, so that is a plus for exporters,” said Katsuhiko Kodama, senior strategist at Toyo Securities.

A weaker yen boosts companies such as electronics components maker Kyocera, which rose 1.1 percent, and Honda Motor, which firmed 0.7 percent, as it inflates the value of overseas earnings.

Sumitomo Metal Mining rose 3.2 percent on higher metals prices.

The dollar bought around 121.62 yen within sight of a four-year high of 122.20 touched in January. The euro was around $1.3455

Data on Friday showed the pace of existing U.S. home sales in April was the weakest in nearly four years, but traders believed that alone may not prompt the Federal Reserve to cut rates from 5.25 percent, given other, stronger data in recent weeks.

“In the end, Friday’s data was not enough to significantly raise the chance of a rate cut,” said Nobuo Ibaraki, forex manager at Nomura Trust and Banking. “We should see the dollar rise slowly this week.”

This could be good news for US market this week. Coupled with the fact that we have end of month buying and it could propel US markets to new highs as well. There is little resistance above all indexes at this time so I wouldn’t be surprised if we did hit some new highs. I still believe a correction is coming and will look for it in the coming months.

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DEPO – Took a hit Friday. Was up as much as 17% and now up 11%. Still holding.RDNT – Closed at new highs. Good for next week.JMBA – Minor hit. Up 2% and holding that one. Start to notice JMBA coming across the CNBC ticker? I saw it today on the Memorial Day Fast Money special.

LVLT – Up 6% from my value buy a few weeks ago.

NEXM – Took a hit on Friday as well. Down 3.3%. I will watch it closely to see how it trades this week. If NEXM can clear $2 then there is little resistance above.

BUF – Up over 12% and holding.