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 19 - 2017

I am beginning to wonder if my optimistic outlook on our market has been misplaced. If the All Ords closes today (Friday) below 5,852.5 then we will have a weekly pivot point to the downside in place. On the close of trade on Wednesday there were a couple of divergences.

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Day Trader column for May 12 - 2017

As of Wednesday it did not look as though the market was either impressed or disappointed with the budget. We are continuing to see volatility around the 5,800 to 6,000 level on the All Ords and until the market breaks 6,000 we can’t be sure the uptrend is going to continue.

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Day Trader column for May 5 - 2017

Well, the weekly pivot point to the upside did form last week and at the time of writing it looks like we are seeing the daily pullback which has to follow the weekly pivot point.

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Day Trader column for April 28 - 2017

More volatility last week as the market closed on Friday April 21 below the previous week’s low and this formed a weekly pivot point to the downside. As all three indices I watch formed weekly pivot points to the downside so there were no divergences to encourage me to think there may be a more positive week this week.

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Day Trader column for April 21 - 2017

Last week saw a very clear divergence indicating the market was set to fall. This divergence occurred when the All Ords traded higher than its early 2015 highs and the ASX/S&P 200 (and the SPI futures contract) failed by a considerable amount to trade above their respective early 2015 highs.

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Day Trader column for April 14 - 2017

The three market indices I monitor closely (All Ords, ASX/S&P 200 and SPI futures) all marked time last week as they traded in a narrow range just below the top of the previous weeks range. As of Wednesday this week they had all moved up again and at the end of trade on Wednesday they had all closed above 5,900.

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Day Trader column for April 7 - 2017

Last week the three main indices (All Ords, ASX/S&P 200 and the SPI futures contract) all closed above 5,800. I have been waiting for this situation to occur for a long time.

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Day Trader column for March 31 - 2017

Finally this week saw the All Ords, S&P/ASX 200 and the SPI futures all close above 5,800 on Tuesday for the first time since early last year. However, at the time of writing it was only on a daily chart but if they all close above 5,800 today we will have the weekly close which is what I have been patiently waiting for.

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Day Trader column for March 24 - 2017

As of the end of last week the indices continued to trade sideways, but the All Ords was the only index of the three major indices to close the week above 5,800.

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Day Trader column for March 17 - 2017

More consolidation and indecision. As of last Friday the main indices continued to trade sideways as they have for the past month.

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