Columns/Diary

Darryl Morley is a well known and respected newspaper columnist and professional trader, who is a former stockbroker. He has been wrote his avidly followed Day Trader column on trading and technical analysis for the Melbourne Herald Sun and the Hobart Mercury for over 20 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 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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Day Trader column for October 8 – 2013

The big question for our market now will be whether the All Ords can remain above the 5,200 support/resistance level. After trading above 5,200 for three and a half weeks, last week was not very encouraging,

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Day Trader column for October 1 – 2013

Our market just managed to close above 5,300 last week and it now looks set, with the usual regular corrections, to be on its way to 6,000 as there is not much in the way of resistance levels between here and 6,000.

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Day Trader column for September 24 – 2013

Our market traded sideways until Thursday last week when the All Ords moved up by sixty points to close 12 points below 5,300. Friday however, saw a small retracement of twelve points. The divergence I spoke of last week saw the move up arrested and the market move sideways.

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Day Trader column for September 17 – 2013

We saw some excitement in our market last week and the indices reflected this, until we saw the beginning of a likely change on Wednesday. On Wednesday the All Ords closed above the high formed last May and the S&P/ASX 200 failed to trade above its May high.

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Day Trader column for September 10 – 2013

Once again another week and we have seen more volatility. The Indices gained on Monday and Tuesday only to give back most of those gains by Friday when the All Ords closed the week up 20 odd points and the ASX/S&P 200 up just 10 points.

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Day Trader column for September 3 – 2013

Last week was another week of indecision in our market. The All Ords traded through roughly a one hundred point range to close the week just ten points above the previous week’s close.

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Day Trader column for August 27 – 2013

Another volatile week on the Indices as the All Ords had a range of over one hundred points. The All Ords did manage to close fifteen points higher than the previous week due to a surge to the upside on Friday.

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Day Trader column for August 20 – 2013

Last Friday saw the All Ords and the S&P/ASX 200 get knocked back to 5,100 after two days near the top of Monday and Tuesday’s strong move up to 5,150.

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