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 November 19 – 2013

After two weeks of trading in a sideways pattern around the 5,400 level the index broke below the pattern and fell sharply to a touch above 5,300 last Wednesday. The following two days recovery saw the index back to 5,400.


Day Trader column for November 12 – 2013

Last week our market continued to trade sideways around 5,400, and it still looks to me to be positive and preparing for the next move towards 6,000.


Day Trader column for November 5 – 2013

Last week the Index broke above 5,400 on Monday and proceeded to trade in a narrow range above that level for the remainder of the week. If this is consolidation, as I suspect it is, then the next leg up on the index should see it move to around 6,000 with minor resistance levels at 5,600 then 5,800 which are targets from the recent chart patterns.


Day Trader column for October 29– 2013

The All Ords is now looking more likely to move to the 6,000 level as volumes increased last week on finance stocks and resources stocks.


Day Trader column for October 22– 2013

Our market seems to have anticipated the decision in the US and moved up positively all week to close on Friday just twenty six points below its September high. It would seem the way is now clear for a move towards 6,000.


Day Trader column for October 15 – 2013

Our market certainly followed the lead of the US market last week. This was particularly evident last Monday when our market fell sixty points after the Dows fall the previous Friday. After that however our market refused to fall much further and although down during each of the following three days the close on each of those days was back up near where the market opened on each day.


Day Trader column for October 8 – 2013

The big question for our market now will be whether the All Ords can remain above the 5,200 support/resistance level. After trading above 5,200 for three and a half weeks, last week was not very encouraging,


Day Trader column for October 1 – 2013

Our market just managed to close above 5,300 last week and it now looks set, with the usual regular corrections, to be on its way to 6,000 as there is not much in the way of resistance levels between here and 6,000.


Day Trader column for September 24 – 2013

Our market traded sideways until Thursday last week when the All Ords moved up by sixty points to close 12 points below 5,300. Friday however, saw a small retracement of twelve points. The divergence I spoke of last week saw the move up arrested and the market move sideways.


Day Trader column for September 17 – 2013

We saw some excitement in our market last week and the indices reflected this, until we saw the beginning of a likely change on Wednesday. On Wednesday the All Ords closed above the high formed last May and the S&P/ASX 200 failed to trade above its May high.