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 July 30 – 2013

A clear close above 5,000 on the All Ords and S&P/ASX 200 last week helps convince me the next move up to 5,200 is on its way. What it does after that is something I am not prepared to speculate on at the moment. The main reason for my unease is that so many stocks from right across the price range will move to break recent highs as the index moves to 5,200.

Read more >>

Day Trader column for July 23 – 2013

The All Ords traded in a narrow sideways range last week and if it breaks out to the upside from here, I expect a quick move up. On the other hand a break to the downside would likely precede a quick move down.

Read more >>

Day Trader column for July 16 – 2013

The biggest move up on the index last week in over two months saw a fair number of stocks come up on my weekly search. For the first time in a long while, there was some interesting action in the stocks under $2.00 and some of them have targets in excess of twenty percent, which is what I like to see before I buy.

Read more >>

Day Trader column for July 9 – 2013

Our market has fallen steadily since mid May and last week both the All Ords and the ASX/S&P 200 both formed a weekly Pivot point to the upside. So perhaps this will be the beginning of a rally. Whether it will be a sustained trend remains to be seen.

Read more >>

Day Trader column for July 2 – 2013

A new low for the move down saw the All Ords touch 4,610 last week. This is very close to the target projection from the five point reversal which broke down from 5,200 six weeks ago. It is quite possible we will see some sort of recovery in the market, at least in the short term.

Read more >>

Day Trader column for June 25 – 2013

No weekly pivot points last week! My weekly market scan is getting fewer hits each week. After last week’s market action there were less than ten stocks showing me any reason to monitor them during the week. Then I would only be looking at them out of curiosity, with no desire to put any money into them.

Read more >>

Day Trader column for June 18 – 2013

Last week saw the All Ords fall to 4,650 on Thursday before it reversed and formed a daily pivot point to the upside on Friday. I am looking for the market to consolidate this week and if it closes the week above 4,777 which was the high for last week then we will have a weekly pivot point in place.

Read more >>

Day Trader column for June 11 – 2013

There was no joy in the market for me last week. It now looks very likely the All Ords and the S&P/ASX 200 will come close to the 4,600 level which is the target from the five point reversal which formed on the daily chart in May when both indices traded above 5,200.

Read more >>

Day Trader column for June 4 – 2013

In last week’s column I noted the All Ords looked like it had run out of momentum to the downside as it approached the 4,900 resistance mark.

Read more >>

Day Trader column for May 28 – 2013

Last week was pretty much all downhill soon after the open on Monday. The move down was fairly slow until Thursday when the market was hit hard and closed near its low for the day, and on increased volume. The close was also well below the support level at 5,100 and it was not looking pretty.

Read more >>