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 December 13 - 2016
Our market certainly looks to be gaining momentum to the upside and last week the All Ords closed above 5,600 for the first time since August and there is now a clear target around 6,000 projected from the pattern formed since October.
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Day Trader column for November 29 - 2016
After the strong move to the upside last week all our major indices formed weekly pivot points to the upside which also traded above the October high.
We also saw the gap between the All Ords and the S&P/ASX 200 narrow to 63 points by the end of last week and the futures contract continues to trade positive to the S&P/ASX 200 for the second week, which indicates the “smart money” is confident the market will likely remain positive.
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Day Trader column for November 22 - 2016
We are still waiting for the weekly pivot point to form. Last week the All Ords traded around 5,400 for the entire week and failed to move up and close above 5,446, the level needed to form the weekly pivot point.
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Day Trader column for October 18 - 2016
Still more uncertainty in our market last week as the All Ords and the ASX/S&P 200 did not form weekly pivot points to the downside, as the high for the week was the same high as the previous week, or in the case of the ASX/S&P 200 it was the actual high for the recent move up.
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Day Trader column for October 11 - 2016
The All Ords continued to edge towards the 5,600 support/resistance level last week and as yet has not had the daily pullback I mentioned a couple of weeks ago, as the next step in my confirmation process of the uptrend continuing.
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