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 June 21 – 2011

I find it fascinating how some chart formations play out. I have talked about divergences over the past couple of weeks. There was an interesting example last Thursday.

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Day Trader column for June 15 – 2011

As foreshadowed by the divergences between the four major banks I detailed last week, we saw both ANZ and WBC rally for the week as expected.

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Day Trader column for June 08 – 2011

Last week I said I was more inclined to think the market would move down, and find its next resistance around 4,600. We did see a serious move down in the second half of the week to a low of 4,662 on the All Ords.

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Day Trader column for June 01 – 2011

Last week our market had quite a strong rally on Thursday and Friday. However that rally only finished the week around 4,760, - near the top of the short term downtrend channel that has formed since the April high of 5,069 on the All Ords.

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Day Trader column for May 25 – 2011

A great deal of indecision remains in our market. I believe this will continue while it continues to trades in the range 4,600 to 5,000.

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Day Trader column for May 18 – 2011

Our market continued to move down last week, albeit with some volatility. Last week I talked about watching what happens at a fifty percent retracement level, as reversals can occur at this level.

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Day Trader column for May 11 – 2011

The move up in the All Ords from mid March 2010 to mid April was from a low of 4,560 to a high of 5,070, and after the recent weekly pivot point to the downside, the market continued down last week to the mid- point of this range, being 4,800, with the market trading either side of this on Thursday and Friday.

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Day Trader column for May 04 – 2011

Due to space constraints, last week’s column did not appear in the Herald Sun, so I will briefly summarise last week’s column and trades.

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Day Trader column for April 27 – 2011

Our Market recovered very strongly last Wednesday and Thursday, after the sharp fall of the previous week and a half. It had certainly looked like the uptrend was over, before the strong turnaround last week.

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Day Trader column for April 20 – 2011

Monday April 11 saw the All Ords trade above its April 2010 spike high, but the ASX/S&P 200 did not trade above its April 2010 spike high.

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