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 October 14 - 2014

I suggested last week that we may see a retest of the broken uptrend line before the move down towards 5,050 continued. The only move up we saw for the week was on Thursday and it immediately reversed on Friday.

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Day Trader column for October 7 - 2014

It certainly now looks like the All Ords is headed towards the 5,050 mark after decisively breaking below the strong support at 5,350. It has also clearly broken the uptrend line drawn from the 2012 and 2013 spike lows. We may now see a retest of these lines before another move down. So far we have not seen as much as a daily pivot point to the upside since September 09 with the exception of September 19 which as immediately reversed the next day.

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Day Trader column for September 30 - 2014

The All Ords did not form the weekly pivot point to the upside last week which I was looking for, to end the move down.

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Day Trader column for September 23 - 2014

The 5,420 support on the All Ords I suggested last week proved to be just that last Wednesday when the index closed just below it and reversed and formed a daily pivot point to the upside on Friday.

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Day Trader column for September 16 - 2014

It certainly paid off in controlling the stress level last week by not buying more stock and selling stocks which closed below their stops.

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Day Trader column for September 9 - 2014

Our market continued to travel sideways last week and finished the week a few points down on the previous week.

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Day Trader column for September 2 - 2014

As I expected our market took a breather last week and traded sideways and finished the week down around fifteen points. There are still a lot of stocks that going ex-dividend this week and many will likely fall after they go ex.

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Day Trader column for August 26 - 2014

Last week the All Ords broke above the 5,600 mark for the second time in a month. But on Thursday and Friday however, it formed daily reversal signals to the downside so I would expect it to at the least take a breather for a few days. The bigger picture on the weekly chart though is looking strong and last week was the first weekly close above 5,600 since 2008.

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Day Trader column for August 19 - 2014

Last week saw the All Ords reverse the losses of the previous week. The week before last we had a weekly pivot point to the downside and last week a weekly pivot point to the upside which I am interpreting as positive.

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Day Trader column for August 13 - 2014

Last week was not pretty and it saw the index move down to close just below the uptrend line drawn from the middle of last year.

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