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 17 – 2012

The week before last week the market was looking up with a weekly pivot point to the upside, but that was all blown away last week when a weekly pivot point to the downside formed.


Day Trader column for July 10 – 2012

Well at last we had some decisive movement in our market as the All Ords moved up to form a weekly pivot point to the upside. Friday’s action however formed a daily pivot point to the downside.


Day Trader column for July 3 – 2012

Our market moved up strongly on Friday, but it was not enough to form a weekly pivot point. Staying with the weekly chart, all of last week’s trading was contained within the range of the previous five weeks. A weekly close above or below this narrow trading range should tell us the direction of the next move.


Day Trader column for June 26 – 2012

Another week where the market closed very near the previous week’s close. We did see a rally early last week to the 4,200 level on the All Ords, which I mentioned a couple of weeks ago as a likely retracement level.


Day Trader column for June 19 – 2012

Another week of market consolidation as the indecision continues.


Day Trader column for June 12 – 2012

Last week our market looked like it wanted to move up early in the week, after the fall on Monday, but by the end of the week it was right back where it started.


Day Trader column for June 5 – 2012

Last week was a repeat of the week before. Our market rallied for the first two days of the week then proceeded to fall for the remainder of the week. Wednesday, Thursday and Friday’s moves rallied at the close but still closed lower each day.


Day Trader column for May 29 – 2012

Not much of a rally last week, just two days, as it moved up to test the 4,100 level on the All Ords. After Wednesday, the momentum was all down and the All Ords closed at its lowest level since November last year.


Day Trader column for May 22 – 2012

Last week’s market action made it clear which way it wanted to go and that was down. There were no divergences last week as the All Ords and the S&P/ASX 200 both clearly broke the uptrend which has been in place since August 2011.


Day Trader column for May 15 – 2012

Despite the one hundred plus point fall in the All Ords last week, which also formed a weekly pivot point to the downside, the market is still very confused. The market is full of mixed signals at the moment.