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 August 5 - 2014

Last Friday saw most of the previous seven days gains wiped out, but after the initial fall early in the day many smaller stocks recovered the early losses. Most stocks in my portfolio were in this category, some were actually up on the day.

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Day Trader column for July 29 - 2014

Our market closed last week at its highest level since mid-2008. It is still however over one thousand points below its all time high which was attained in 2007.

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Day Trader column for July 22 - 2014

After a positive week on the market last week, Thursdays and Fridays price action looks very ominous to me.

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Day Trader column for July 15 - 2014

Last week it looked like our market would pull back because of the divergence between the S&P/ASX 200 and the SPI futures contract traded against it. That is exactly what happened and the Index lost over eighty points before the fall was arrested on Thursday.

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Day Trader column for July 8 - 2014

Although the All Ords’ move last week was its biggest one week move up since February, I am seeing some resistance to a further move up at the moment.

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Day Trader column for July 1 - 2014

Although our market finished last week up nearly thirty points for the week it still refuses to break out of the current sideways trading range.

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Day Trader column for June 24 - 2014

Last Friday our market gave back around half the gains made on Thursday. It is still finding it a struggle to establish a new uptrend.

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Day Trader column for June 17 - 2014

Our market continued moving down last week but did not break below the May 21 low, but came to within a point of it before recovering a little on Friday afternoon. A close below this level (5,353 on the All Ords) could see it fall to 5,300 the next support level.

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Day Trader column for June 10 - 2014

The All Ords lost one hundred points during last week as it fell from 5,500 to touch 5,400 on Thursday. There was a weekly high formed in early May and the index has not closed below the low of that week (5,412) on a weekly basis since, so no weekly pivot point down.

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Day Trader column for June 3 - 2014

Last week the All Ords formed a daily pivot point to the downside on Friday, which in turn moved the index down far enough for it to form a weekly reversal candle.

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