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 February 02 – 2011

Last week our market looked set to form a weekly pivot point until Friday, when it fell sharply and closed well below the level needed for the pivot point to form.

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Day Trader column for January 26 – 2011

Last week we did not get the weekly pivot point I wrote about last week. Instead last week the All Ords lost half the previous week’s gain.

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Day Trader column for January 19 – 2011

The All Ords closed above 4,900 for the first time since May 2010, which also meant it closed above the November 2010 spike high.

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Day Trader column for January 12 – 2011

Our market rolled over last week and closed low enough to form a weekly pivot point to the downside. The so called blue chip stocks continue to hold the index back, and the mid cap stocks continue to provide some action.

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Day Trader column for January 05 – 2011

The All Ords finished 2010 down 40 points from where it finished in 2009. In between it traded in a 800 point range.

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Day Trader column for December 29 – 2010

A divergence formed between the All Ords and the ASX/S&P 200 last Thursday when the All Ords traded above its November 05 high and the ASX/S&P 200 failed to trade above its November 05 high.

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Day Trader column for December 22 – 2010

The All Ords looks set to break above the 5,000 level very soon. When and if this happens I expect the index to run to around 5,150 before consolidating.

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Day Trader column for December 15 – 2010

Our Market continued to show strength last week as it slowly moves towards the 5,000 mark. All four major banks, BHP and RIO formed weekly pivot points to the upside after their recent down trends.

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Day Trader column for December 08 – 2010

Our Market moved down and tested the bottom of the trend channel it has been trading in since July as mentioned last week.

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Day Trader column for December 01 – 2010

The All Ords has been trading within a trend channel since July this year. The week ending November 19 saw the All Ords form a weekly pivot point to the downside, but the range for the week remained within this trend channel.

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