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 June 22 - 2018

All three indices I watch closely, as of Wednesday, closed above their respective January highs. The SPI is now trading at a ten point premium to the ASX/S&P 200 which is more positive than it has been for a long time.

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Day Trader column for June 15 - 2018

As of Friday last week both major indices and the SPI Futures contract all formed weekly pivot points to the upside and the SPI Futures and ASX/S&P 200 continue to trade within a couple of points of each other. It requires a great deal of patience to wait for the desired pattern and buy signals to form.

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Day Trader column for June 8 - 2018

Our market is still trying to decide whether it wants to go down further before getting on with the uptrend or if it is now ready to continue up. On Wednesday the indices closed above their respective resistance levels of 6,100 for the All Ords and 6,000 for the ASX/S&P 200 so maybe they will now continue.

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Day Trader column for June 1 - 2018

Last week saw the indices form weekly pivot points to the downside, so it looks like the market wants a little more time to build the strength to resume the uptrend.

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Day Trader column for May 25 - 2018

The pullback I spoke of last week has come to pass as the market consolidates in preparation to break the January highs. The SPI Futures continue to move further above the S&P/ASX 200 which is a very positive indication for the market.

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Day Trader column for May 18 - 2018

Everything continues to line up for our market to break the January highs and the first positive sign is the SPI futures broke above the January high on Friday of last week and has continued to trade around that level. The All Ords and the S&P&ASX 200 however, remained below the January high as of Wednesday.

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Day Trader column for May 11 - 2018

The All Ords, the ASX/S&P 200 and the SPI futures contract have all broken the downtrend formed since January this year and are now consolidating just below the January high.

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Day Trader column for May 4 - 2018

We have now had a weekly pivot point to the upside on all three indices I look to for a change of trend, and this week as of Wednesday they have all broken above the downtrend which has been in place since mid-January.

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Day Trader column for April 27 - 2018

Our market was very positive last week and the All Ords closed above the 6,000 level on Tuesday and the ASX/S&P 200 closed above 5,900. These are both their highest closes for the past month, so just maybe we will see some life come back into the market in the near future.

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