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 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.


Day Trader column for May 8 – 2012

Our market is finding it very difficult to move up with any conviction. Last week the All Ords moved up early in the week despite the daily pivot point the previous Friday.


Day Trader column for May 1 – 2012

Our market has traded sideways for the past month since forming a weekly pivot point to the upside at the end March. Volumes have been down during this sideways period hinting we could see a further move up.


Day Trader column for April 24 – 2012

Our market remained positive last week. It now looks possible for it to move up another one hundred points or so. That however will see it knocking hard on the major downtrend line that is the critical resistance level


Day Trader column for April 17 – 2012

Last week I mentioned if the market followed through with all the daily reversals of the previous week it could be ominous. As it transpired the market did fall for the first two days of the short trading week, last week.


Day Trader column for April 10 – 2012

The market was very indecisive last week. The index formed daily reversal signals to the downside and the upside. .


Day Trader column for April 3 – 2012

The slow pull back the week before last on the All Ords, from just below 4,400 and the subsequent reversal to the upside, on Thursday March 23 followed through last week, with the All Ords closing the week well above 4,400.


Day Trader column for March 27 – 2012

After coming within a whisker of 4,400 and reversing on Tuesday last week, the All Ords traded sideways for the week. Friday’s price action promised a further move up, so we may well see it close above 4,400 this week.