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 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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Day Trader column for January 1 – 2013
Last week the overall market performed as expected. The Index moved up on light volume and as I have commented recently many stocks also moved up on low volume. They will be the stocks to watch in the new year if the market continues to rise.
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Day Trader column for December 25 – 2012
2012 has been a bit of a roller coaster ride for our market. Up four hundred points, down four hundred points in the first half of the year then a steady climb to gain six hundred points for the second half of the year.
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Day Trader column for December 18 – 2012
Another positive week for our market last week, and a close for the week just below the 4,600 resistance level on the All Ords. As yet we have not seen a close on the daily chart above 4,600 for this move, but it certainly looks as though that will happen soon.
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Day Trader column for November 27 – 2012
Although our market moved up for most of last week, it did not move far enough to break the short term daily downtrend the market has been in for the past five weeks. Also, all last week’s market action was inside the range of the previous week.
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Day Trader column for November 20 – 2012
Last week our market made a clear break of the uptrend which has been in place since June this year. It is interesting to note the move up was reversed when the uptrend since June ran into the previous uptrend which ran from August 2011 to April this year, when it too was decisively broken.
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