Columns/Diary

Darryl Morley is a well known and respected newspaper columnist and professional trader, who is a former stockbroker. He has been wrote his avidly followed Day Trader column on trading and technical analysis for the Melbourne Herald Sun and the Hobart Mercury for over 20 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 May 3 - 2019

In last week’s column I spoke about a divergence between the All Ords and the ASX/S&P 200 that occurred on Wednesday last week when the All Ords made an intraday high of 6,477 which was lower than the 6,481 spike high made on August 30 last year.

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Day Trader column for April 26 - 2019

Last week our market, including the All Ords, ASX/S&P 200 and the SPI pretty much marked time. They closed the week pretty much where they started the week. The trading range of all three indices was also mostly lower than average.

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Day Trader column for April 19 - 2019

Divergences have been indicating market moves with remarkable regularity recently. Last week I discussed how the divergence on the previous Wednesday played out as the indices all fell the next two days.

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Day Trader column for April 12 - 2019

The divergence between the SPI futures and the ASX/S&P 200 I spoke of last week certainly followed through. The falls on Thursday and Friday last week were the result and the uptrend has not as of Wednesday this week resumed.

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Day Trader column for April 5 - 2019

All three market indices I watch formed daily reversal pattern last Friday, but as of Wednesday the market had not followed through. The SPI was still trading at a thirteen point discount to the ASX/S&P 200 on Wednesday so there is still some indecision in the market.

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Day Trader column for March 29 - 2019

Our market continued to trade sideways all last week and in the case of the All Ords this sideways move bounced along just below 6,200. This week however the SPI futures move down to trade at a discount to the ASX/S&P 200, so this may indicate we have lower lows to come.

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Day Trader column for March 22 - 2019

There was indecision in the market over the past week and it looks as though there will be a pullback which could see the All Ords fall as far as 6,100. The market reversed when it hit the resistance level at the spike high of 6,350 formed in September last year.

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Day Trader column for March 15 - 2019

Last week two of the indices I monitor (the All Ords and S&P/ASX 200) formed weekly reversals to the downside and the SPI futures was indecisive. However, by Wednesday this week it was looking as though the pullback was running out of steam and on Wednesday they all formed daily reversals to the upside.

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Day Trader column for March 8 - 2019

On Wednesday all three indices that I keep a close eye on (All Ords, S&P/ASX 200 and SPI futures) traded higher and closed higher than their respective highs made on Monday this week. Monday’s high and now Wednesday’s high are the indices highest levels since the move up began at the beginning of this year.

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Day Trader column for March 1 - 2019

The All Ords continued to move steadily towards the 6,300 resistance level last week, but on Tuesday this week it reversed and pulled back to the 6,200 level and on Wednesday moved up again on increased volume, so we may yet see 6,300 reached before a more serious correction.

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