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 December 15 - 2015

Our market is not looking like it wants to give everyone a Christmas treat and run up into Christmas and the New Year at the moment. Checking the chart for the market indices over the past five years shows the market running up from mid-December to the New Year.


Day Trader column for December 1 - 2015

Monday of last week the market actually closed above the weekly high of the previous week but then came off and fell for two days before stabilising around 5,250 on the All Ords on Thursday and Friday. On the weekly chart this showed up as a small range at the top of the previous weeks expanded range.


Day Trader column for November 24 - 2015

On the weekly chart all the indices had a reversal pattern to the upside last week, but because they all made lower lows on Monday (making last week the lowest low of the move down since the weekly pivot point to the downside) we will have to wait and see if the momentum carries through this week and we get a weekly pivot point to the upside.


Day Trader column for November 17 - 2015

In last weeks column I said the indications were we could see the market reverse the move down but that was not to be and instead we saw it move down and form a weekly pivot point to the downside on the All Ords, the ASX/S&P 200 and the SPI contract.


Day Trader column for November 10 - 2015

Despite last week’s market fluctuations and a weekly close below the previous week it is still looking positive and much of the current bouncing about is due to the indices coming up against the downtrend line drawn from highs earlier this year. No weekly pivot point formed on the indices so all is still looking ok at the moment.


Day Trader column for November 3 - 2015

The daily pull back on the indices, after they formed weekly pivot points to the upside occurred last week. The big move down on Thursday followed by the reversal day on Friday indicates we may have ended the pullback.


Day Trader column for October 27 - 2015

Our market has finally formed a weekly pivot point to the upside on the two major indices and the SPI contract, and now they just need to break the downtrend line drawn from the April highs. Before that happens I expect we will see a daily pullback, then a daily pivot point to the upside. After that it is likely we will see a move up until it meets the uptrend line drawn from the 2009 low. If the anticipated move takes three months or so then this uptrend line should be met at around 6,000 where there will be serious resistance. However, at the moment unless there is a serious reversal in the next week or so we should see more trading opportunities while this move is taking place.


Day Trader column for October 20 - 2015

At the time of writing the jury is still out on the market direction. Last week the indices formed reversals to the downside and the All Ords and the SPI contract still have not formed weekly pivot points. I should point out that in last week’s column I missed the fact that the ASX/S&P 200 had made a lower low for the week ending October 02 than the low formed for the week ending September 28.


Day Trader column for October 13 - 2015

Last week saw our market move up two hundred points for the week but it did not quite move high enough to form a weekly pivot point. For the weekly pivot point to form the All Ords would have to have closed the week above 5,315.5 which is the high price of the week ending August 28, the week the low price for the move down was formed.


Day Trader column for October 6 - 2015

Last week was another week of indecision. After the market fell nearly two hundred points last Tuesday it spent the next two days making up Tuesday’s losses only to close down on Friday. There is still no weekly pivot point to the upside and still no close below 5,000, however the momentum is still to the downside.