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 February 09 - 2018

Until last Friday the market behaved as expected after the divergences discussed last week. I have mentioned sometime in the past that divergences are a strong indicator of a change of trend but there is no way I know to measure the likely extent of the move following the divergence. In last week’s case the move only lasted two days. There was also no divergence on Friday to indicate the falls on Monday and Tuesday. 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.

Read more >>

Day Trader column for February 2 - 2018

Another week of losses as far as the portfolio was concerned. However the market was up as of the end of last week. The losses in the portfolio took away the profits of the previous week and occurred mainly on Friday last week and Monday and Wednesday this week. 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.

Read more >>

Day Trader column for January 26 - 2018

The last week and a half was a volatile time on our market and also on our portfolio. The indices fell to close on their low last week to form a weekly pivot point to the downside and this week, as of Wednesday had recovered most of last week’s loss. Our portfolio on the other hand was down around $9,000 for the week but this was mainly due to Australian Mines (AUZ) falling 3c from Wednesday to Wednesday. 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.

Read more >>

Day Trader column for January 19 - 2018

Our market closed last week looking like it wanted to take a breather after it opened near its high for the week then closed near its low for the week. As of Wednesday this week it had certainly got on with the pullback and it will be interesting to see if it falls much further. I suspect however, we will see it reverse and begin to recover before the week is out. 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.

Read more >>

Day Trader column for January 12 - 2018

First off today I must apologize for any confusion over the column during the past three weeks. Due to space constraints the column before Christmas was not printed and last week it appeared in Saturday’s paper. 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.

Read more >>

Day Trader column for January 5 - 2018

Our market has just marked time during the holiday period, but some stocks made gains during this period. It is the resource and mining stocks which have held up the overall market over the past couple of weeks have been making gains while the finance and retail stocks have been moving sideways or making slow moves to the downside. 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.

Read more >>

Day Trader column for December 29 - 2017

Our market closed the week before Christmas near its high for the week and it closed above the previous six week sideways move. 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.

Read more >>

Day Trader column for December 22 - 2017

The All Ords spent six weeks trading sideways between 6,000 and 6,100 with a couple of short term spikes above or below this range. However this week it has finally broken above this range and if it closes today near its high for the week then the next resistance level will be around 6,300. 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.

Read more >>

Day Trader column for December 15 - 2017

As of last week the indices continued to edge higher and the SPI futures contract remained above the S&P/ASX 200, so as far as the big picture goes the market is still looking OK. 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.

Read more >>

Day Trader column for December 8 - 2017

The All Ords, S&P/ASX 200 and the SPI futures contracts all had a relatively calm week last week and all ended the week slightly higher than the week before and the SPI was still trading at a premium to the S&P/ASX 200 indicating all was looking good. However all three closed on Wednesday slightly lower than last week’s respective lows. 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.

Read more >>