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 September 7 - 2018

Wednesday this week saw our market fall across the board. There were very few stocks escaped the onslaught but there were divergences between the ASX/S&P 200 and the SPI contract when the ASX/S&P 200 closed below the previous weeks low on Wednesday and the SPI did not close below its previous week’s low indicating a reversal to the upside.

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Day Trader column for August 31 - 2018

The volatility in our market continues as last week many top 200 stocks had sharp falls while others maintained their position or moved up. What concerns me is volatility is usually seen at the top of a move which leads me to think we may see a market correction, if not a reversal before we reach the all-time high.

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Day Trader column for August 24 - 2018

Although our market is trading higher than it has in over ten years, it is still struggling to establish a clear uptrend. To do that, it will need to breakout of the trend channel it has been trading in for the past few months, because at the moment when it moves up to the top of the channel it breaks down as it did again at the beginning of this week.

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Day Trader column for August 17 - 2018

The Indices did not form weekly pivot points to the downside last week, and then on Wednesday this week they all broke above the sideways trading range which has been in place since June this year.

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Day Trader column for August 10 - 2018

Our market still can’t make up its mind which way it wants to go, but there has been no weekly pivot point to the downside yet, so we may see it continue to edge its way closer to the 2007 high. My one concern is the big discount between the SPI futures and the ASX/S&P 200 which was at sixty points on Wednesday.

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Day Trader column for August 3 - 2018

Our market continues to move sideways instead of getting on with the move to the upside. However, divergences continue to pre-empt the market direction. Last Friday the All Ords traded intraday above the spike high formed on July 10 and the S&P/ASX 200 failed to trade above its respective spike high formed on July 10.

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Day Trader column for July 27 - 2018

Friday July 20 saw a divergence form on the daily chart when intraday, the All Ords traded above the spike high formed on July 10, but the S&P/ASX 200 failed to trade above its July 10 spike high.

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Day Trader column for July 20 - 2018

The All Ords formed a daily pivot point to the upside on Wednesday this week after fulfilling the reversal to the downside predicted by the divergence discussed last week.

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Day Trader column for July 13 - 2018

Last week there was a clear divergence on the weekly chart between the SPI futures contract and the ASX/S&P 200 when the ASX/S&P 200 closed the week above the previous two weeks high and the SPI failed to even trade above the previous two weeks high and closed well below the high of the previous two weeks.

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Day Trader column for July 6 - 2018

It seems we are having the slow pullback I expected after the window dressing pushed the market up at the end of the financial year. As I said last week we will soon see if the recent strength can be sustained and if it can, then there should be buying opportunities in several sectors of the market including healthcare, energy, oil and gas and some resources.

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