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 17 – 2013

The market did not follow through on the December 06 daily reversal but continued its move down. This is a good lesson in not jumping in too soon, but waiting for a weekly signal and then a daily confirmation. Again for this week to form a weekly pivot point it will need to close over one hundred points higher.Last week was not a pretty sight. There were very few stocks able to withstand the tide and we saw stocks which were sitting on uptrend lines break through them and fall sharply for most of the week.

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Day Trader column for December 10 – 2013

Last week was not a pretty sight. There were very few stocks able to withstand the tide and we saw stocks which were sitting on uptrend lines break through them and fall sharply for most of the week.

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Day Trader column for November 26 – 2013

Not a good week for our markets last week, despite Fridays rally. Firstly a weekly pivot point to the downside. That is, the index closed the week below the low of the week ending November 01 which was the week the index reached its high point for the rally beginning in early July this year.

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Day Trader column for December 3 – 2013

As far as the index was concerned, last week was pretty much a nothing week. The All Ords was up a bit early in the week then back down later in the week to finish down sixteen points, plus all the action took place inside the range of the previous week. This indecision has left the market in limbo and me waiting on the sidelines for some confirmation of where to from here.

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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.

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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.

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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.

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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.

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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.

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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.

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