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 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.

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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.

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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.

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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

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Day Trader column for February 12 – 2013

I said last week, it looked like the All Ords would test the 5,000 level. It came within ten points of it on Friday and it certainly looks like this week will see 5,000 broken.

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Day Trader column for February 5 – 2013

It looks as though we are will see the All Ords test the 5,000 level this week for the first time since early 2011. How it behaves at this level will tell us if we are likely to see the market move to levels not seen since 2008. The way some of the top 100 stocks are performing, it looks to me like there is a high probability we will see a break above 5,000 in the near future.

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Day Trader column for January 29 – 2013

Our market continues its inexorable move towards 5,000. I expect it will take a breather around that level before what looks like a very likely move to the next target and resistance level around 6,000.

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Day Trader column for January 22 – 2013

The past two weeks have seen the All Ords form a classic pull back and consolidation above the 4,700 spike high formed in July 2011. This is one of the buy patterns I look for in a stock, and as it has formed in the index it certainly looks like we will see 5,000 tested very soon.

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Day Trader column for January 15 – 2013

Last week saw our market pull back as I expected. The All Ords only pulled back around fifty points from the previous weeks high, before reversing and moving up in the second half of the week.

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Day Trader column for January 8 – 2013

The All Ords has had seven straight weeks of higher closes and I am now expecting it to pull back to retest the 4,600 level very soon. This pull back, if it occurs will provide me with further buying opportunities, provided the stocks I already hold have moved sufficiently for me to have raised their stops above break even.

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