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 May 27 - 2014

Wednesday of last week saw the All Ords and ASX/S&P 200 form daily reversals to the upside from the sharp move down the previous Friday and Monday.

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Day Trader column for May 20 - 2014

It seemed our market was enthusiastic about the budget for a couple of days last week, then on Friday the sentiment appears to have waned as the market took back much of the weeks earlier gains.

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Day Trader column for May 13 - 2014

Our market is still not an easy place to trade. The only reason I would be in the market would be if I felt a compelling need to trade. To make money in the present market I would need to be sitting in front of the screen all day trying to take a few points here and there. However, seeing as I prefer to trade using end of day data and look to get into a move where the likely target and hence profit is a good twenty plus percent above the purchase price I will stay on the sidelines for a little while longer.

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Day Trader column for April 29 - 2014

The All Ords continued to move up last week, but it still has not convinced me the move up has any real strength, as the overall volume on the market has been decreasing each week for the past month or so and the weekly move down in mid March was on the highest weekly volume since September last year.

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Day Trader column for April 15 - 2014

Last Friday sure put a dampener on an otherwise positive week. It would appear that what we saw was a false break above the March highs on the All Ords, ASX/S&P 200 and the SPI futures contract, so this could well be the end of the move up. However, as of the close on Friday, the uptrend had not been broken on the index, big four banks and several of the other major stocks.

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Day Trader column for April 22 - 2014

Our market had a serious fall on Monday last week and the following three days only managed to recover around two thirds of that and the previous Fridays combined two day fall.

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Day Trader column for April 8 - 2014

Our market continued to move up last week which was fuelled by various stocks from several sectors. It certainly looks like it wants to move to the next level. If it continues moving within the current trading channel for the next few months the upper boundary would be around 5,800 to 6,000, so that level remains the next serious resistance by several measures.

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Day Trader column for April 1 - 2014

Last week our market continued to recover the losses of the previous week and closed on Friday on a positive note.

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Day Trader column for March 25 - 2014

Another volatile week, but our market finished the week only a few points above where it started. Divergences, something I have not mentioned for some time, so a brief explanation is in order. A divergence occurs when two related indices or stocks, which regularly move in tandem to each other, cease to make similar highs or lows. For example if one makes a new high and the other fails to do the same, it is a high probability they will both fall.

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Day Trader column for March 18 - 2014

Our market certainly was not a pretty place last week. The All Ords was down a total of one hundred and thirty points over the course of the week. Friday, however was when the real damage was done. Viewed on the weekly chart however there has been no real damage yet. It would need to fall much further to break the uptrend which has been in place since 2012.

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