Columns

Darryl Morley is a well known and respected newspaper columnist and professional trader, who is a former stockbroker. He has been writing his avidly followed Day Trader column on trading and technical analysis for the Melbourne Herald Sun and the Hobart Mercury for over 11 years.

Darryl is likely unique, in that he actually writes about his own trades, his reasoning for selecting or rejecting certain stocks, how he sets his targets, his stops, his exit strategies. He’s also not shy about staying out of the market if the signals are not right and explaining why. This is very different from most talking heads, who are not dealing with their own money.

New columns are updated to this site every week.

These columns are written and published as a chronicle of Darryl’s trading. Any information provided is of an educational nature only. Please note that we are NOT a stock tipping service, either through the newspaper column nor through the workshops. Our hope is that by watching and learning from Darryl’s trading technique, you can start to learn to take control of your own finances, which we believe is especially relevant in today’s turbulent market.

Day Trader column for April 27 - 2018

Our market was very positive last week and the All Ords closed above the 6,000 level on Tuesday and the ASX/S&P 200 closed above 5,900. These are both their highest closes for the past month, so just maybe we will see some life come back into the market in the near future.

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Day Trader column for April 13 - 2018

Our market was looking good to move up as of Friday last week and that came to pass on Monday and Tuesday this week, but there was a divergence between the ASX/S&P 200 and the SPI futures contract on Tuesday when the ASX/S&P 200 traded higher than Monday’s high and the SPI did not, indicating a move to the downside to come.

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Day Trader column for April 20 - 2018

It was the middle of January when our market formed a weekly pivot point to the downside and finally last week it formed a weekly pivot pint to the upside. This is the first indication of a change of trend, but it still has a little way to go before it breaks the downtrend line which has been in place since January.

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Day Trader column for April 6 - 2018

At the end of last week there was a clear divergence between the ASX/S&P 200 and the SPI futures indicating the market should move up. Although the SPI opened lower on Tuesday morning it then moved up to close the day thirty points higher then moved up a further twenty five odd points on Wednesday.

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Day Trader column for March 30 - 2018

Last week I said the market was getting boring as it moved up and down in a narrow range. I also mentioned that the daily divergence may have followed through to see the market rise for the week. Friday las week certainly put paid to that thought as the All Ords fell sharply to close just above 5,900 for the week.

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Day Trader column for March 23 - 2018

This is really starting to get boring. Last week our market began and ended the week within a twenty two point range, but during the week ranged forty to fifty points above and below the open and close.

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Day Trader column for March 16 - 2018

Although last week our market moved up for the week it still did not close high enough to form the crucial weekly pivot point to indicate the uptrend has resumed. For the weekly pivot point to form we need to see a weekly close above 6,230 on the All Ords. Maybe we will see that at todays close! There was considerable volatility in the indices over the past two weeks and this week, as of Wednesday we have seen the momentum move back to the upside. We still have the SPI futures contract trading at a premium to the S&P/ASX 200 which it trades against, which augers well for the continued move up.

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Day Trader column for March 9 - 2018

Last week our market ran up at the beginning of the week, then reversed and fell to close just above the low of the previous week, but did not trade below that week. As of Wednesday this week it still had not closed below the low of the week ending February 23, nor had it closed below last week’s low. There was considerable volatility in the indices over the past two weeks and this week, as of Wednesday we have seen the momentum move back to the upside. We still have the SPI futures contract trading at a premium to the S&P/ASX 200 which it trades against, which augers well for the continued move up.

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Day Trader column for March 2 - 2018

Last week our market recovered some more of the losses from the big weekly fall at the beginning of February. It still has some way to go to form a weekly pivot point to the upside. For the weekly pivot point to form the All Ords will need to close above 6,230. There was considerable volatility in the indices over the past two weeks and this week, as of Wednesday we have seen the momentum move back to the upside. We still have the SPI futures contract trading at a premium to the S&P/ASX 200 which it trades against, which augers well for the continued move up.

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Day Trader column for February 16 - 2018

The week from Wednesday last week to Wednesday this week saw our market basically mark time while it decides which way it wants to go. The only big loser in our portfolio for the week was Bigun (BIG) which fell just over a dollar for the week. It fell on the open on Friday 09 when it opened trading for the day close to a dollar below the previous close. There was considerable volatility in the indices over the past two weeks and this week, as of Wednesday we have seen the momentum move back to the upside. We still have the SPI futures contract trading at a premium to the S&P/ASX 200 which it trades against, which augers well for the continued move up.

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