Columns/Diary

Darryl Morley is a well known and respected newspaper columnist and professional trader, who is a former stockbroker. He has been wrote his avidly followed Day Trader column on trading and technical analysis for the Melbourne Herald Sun and the Hobart Mercury for over 20 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 February 22 - 2019

As of Wednesday this week the all Ords traded intraday at 6,203.5, its highest level since October last year. But it then pulled back to trade below Tuesday’s low before closing at 6,175.8. Tuesday and Wednesday saw both days close above the consolidation which formed after the big rise on February 07.

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Day Trader column for February 15 - 2019

The All Ords continued to move up last week and closed well above 6,100, but as of Wednesday this week it moved sideways just below last week’s high in what looks like a consolidation pattern. It may still move back down to test the 6,000 support level.

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Day Trader column for February 8 - 2019

Last week the All Ords closed above 5,856 which completed the trifecta by forming daily, weekly and finally monthly pivot points to the upside.

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Day Trader column for February 1 - 2019

A monthly close above 5,856 on the All Ords seemed very likely on Wednesday. Provided the All Ords did not fall by one hundred points yesterday then we have in place the monthly pivot point to the upside I described last week. If this recent move up, forming weekly then monthly pivot points and a break of the downtrend now leads to a consolidation around 6,000 then the next move up would have a target around 6,500.

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Day Trader column for January 25 - 2019

The criteria for a move up in our market are now falling into place. Last week the All Ords closed the week above the 5,900 level which is the intersection point on the downtrend which has been in place since September last year.

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Day Trader column for January 18 - 2019

The major indices for our market, after having formed a weekly pivot point to the upside last week were all knocking on the door of the downtrend which has been in place since September last year.

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Day Trader column for January 11 - 2019

As of Wednesday this week it was looking promising for the formation of a weekly pivot point to the upside on the indices this week.

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Day Trader column for January 4 - 2019

No weekly pivot point to the upside to end last year and on Wednesday this week the New Year got off to a poor start by making a new low for the move down, so no chance of a weekly reversal this week

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Day Trader column for December 21 - 2018

As of Wednesday this week the SPI futures were again trading at a premium to the S&P/ASX 200 still indicating the “professional money” which makes up the bulk of the volume in the futures trade is optimistic the market will rally.

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Day Trader column for December 14 - 2018

Last week I discussed how three successive spike lows around the same level after a strong move down can signal the end of the move.

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