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 December 1 - 2017

There was considerable volatility in the indices over the past two weeks and this week, as of Wednesday we have seen the momentum move back to the upside. We still have the SPI futures contract trading at a premium to the S&P/ASX 200 which it trades against, which augers well for the continued move up.

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Day Trader column for November 24 - 2017

Last week saw our market move up after taking a breather the week before. The move down, although it did trade below the low of the week the indices made their high for the past ten years they closed the week well above that low so did not form weekly pivot points to the downside and last week moved higher

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Day Trader column for November 17 - 2017

Not a good week for our portfolio as the market has taken back the previous weeks gain, but I suspect it is the correction we had to have. If the indices continue down after this column is written at the end of trade on Wednesday, then we will see a weekly pivot point to the downside.

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Day Trader column for November 10 - 2017

The All Ords which includes hundreds of second line stocks is still trading seventy points above the S&P/ASX 200 which is telling us the majors are still dragging the chain.

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Day Trader column for November 3 - 2017

The All Ords closed the day’s trading on Wednesday above 6,000 for the first time since May 2008. This is also the break above the sideways move which has been in place since the beginning of this year indicating to me the uptrend is now clearly in place.

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Day Trader column for October 27 - 2017

The All Ords continues to consolidate just below 5,900 and it looks like it will break above 6,000 in the near future and the strength in the market is across the board, so I expect there will be some interesting trading opportunities for some time to come.

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Day Trader column for October 20 - 2017

At long last our market ran up strongly last week and closed above the narrow sideways trading range which has been in place since May this year. This weekly close formed the weekly pivot point I have been waiting for.

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Day Trader column for October 13 - 2017

Well last week saw the All Ords and the ASX/S&P 200 both close higher than they have for the past couple of months and as of Wednesday this week the daily close on the All Ords was well above the 5,824 needed for the weekly pivot point I have been waiting to form.

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Day Trader column for October 6 - 2017

Our market must seem very confusing to investors and traders who watch the US market and believe our market will follow the movements in the Dow Jones Index.

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Day Trader column for September 29 - 2017

It seems there was still a great deal of indecision in our market last week. All three indices, the All Ords, the ASX/S&P 200 and the SPI futures contract all started and ended the week within a relatively small range around the centre of the trading range going back to May this year.

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