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 April 23 – 2013

Last week the All Ords and the S&P/ASX 200 continued to trade between 4,900 and 5,000. Interestingly the S&P/ASX 200 closed the week higher than the All Ords. This is another indication the current move in the market is being lead by the top end of town.


Day Trader column for April 16 – 2013

Last week the All Ords traded above the previous week’s high intra week, but failed to close the week above the high, so it did not form a weekly pivot point. I will need to see a weekly pivot point form before I am comfortable the recent downtrend has reversed to the upside. As last week’s close was very close to forming a weekly pivot point, I suspect we will see the weekly reversal this week. For the weekly pivot point to form the All Ords will need to close above 5,020.


Day Trader column for April 9 – 2013

The All Ords continued down last week after the weekly pivot point to the downside three weeks ago. The current move down comes after fifteen weeks of higher closes since November last year. During this run up from 4,400 to just short of 5,200 there were only two weeks where the market took a short breather and closed the week within the previous weeks range.


Day Trader column for April 2 – 2013

It looks as though we may see some further weakness in our market as the All Ords has now had five days where it closed below 5,000 in the past two weeks.


Day Trader column for March 26 – 2013

Last week I thought we would see the break above 5,200 on the All Ords, during last week, but that was not to be. Instead we saw it move down to close below 5,000 for the first time since February 12. However, the move down was arrested on Thursday and just maybe, Friday was the end of the move down. Last week’s price action left me $1,780 dollars down for the week and stopped out of a couple of stocks.


Day Trader column for March 19 – 2013

There have been a series of higher spike lows formed since the All Ords broke above 5,000 and made the first retest of that level on February 22/23. Since then and including last week it has made three higher spike lows and two higher spike highs.


Day Trader column for March 12 – 2013

There was a spike high formed on the All Ords when it made a 300 point retracement from 4,900 to 5,200 in second half of 2008, after which it continued on down to 3,100.


Day Trader column for March 5 – 2013

The weekly chart for the All Ords is still looking ok, but there are quite a number of stocks right across the price range which have fallen out of bed over the past week or so. Some which have had big one day falls have continued to trade lower while others have reversed and regained those losses.


Day Trader column for February 26 – 2013

Ouch! Last week was a nasty week and it was pretty much across most stock sectors. I had expected the Index to make a slow pull back to test the 5,000 level as stated in several previous columns.


Day Trader column for February 19 – 2013

Last week the All Ords almost pipped the 2011 high of 5,069. It traded up to within a few points of that high and as it closed near its high there is a chance it will trade above that level this week