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 July 14 - 2017

Another week without a weekly pivot point to the upside on the indices, but the trading range remained within the range of the week ending June 09 which was the low for the move.

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Day Trader column for July 7 - 2017

Thursday last week it certainly looked like we were going to see a weekly pivot point form but the fall of nearly one hundred points on Friday put paid to that.

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Day Trader column for June 30 - 2017

Just like politics, a week in the market can be a long time. Last week a divergence occurred between the ASX/S&P 200 and the SPI futures contract which it trades against.

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Day Trader column for June 23 - 2017

Although last week our market traded above the high of the previous week it did not close above the previous week’s high.

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Day Trader column for June 16 - 2017

Last week our market had a big fall on Tuesday then for three days the market forces were not able to push it any lower. Wednesday, Thursday and Friday’s market action each day, was to push the index lower but the Bulls in the market were able to overcome the downward push and force the market to close back at its open (and close) for the day.

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Day Trader column for June 9 - 2017

Friday last week our market looked as though it was ready to reverse to the upside, but Monday and Tuesday this week put paid to that, at least in the short term.

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Day Trader column for June 2 - 2017

Last week the All Ords traded in a narrow range inside the lower end of the range of the previous week and the SPI futures contract closed higher than the ASX/S&P 200 (which it trades against) for the first time in many months.

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Day Trader column for May 26 - 2017

The market was really intent on falling last week. The bounce foreshadowed by the divergence I spoke of last week was interesting in that the index fell sharply on Thursday, recovered slightly by the end of the day, and that was followed by the market falling early on Friday, recovering to close just below the day’s opening.

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Day Trader column for May 19 - 2017

I am beginning to wonder if my optimistic outlook on our market has been misplaced. If the All Ords closes today (Friday) below 5,852.5 then we will have a weekly pivot point to the downside in place. On the close of trade on Wednesday there were a couple of divergences.

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Day Trader column for May 12 - 2017

As of Wednesday it did not look as though the market was either impressed or disappointed with the budget. We are continuing to see volatility around the 5,800 to 6,000 level on the All Ords and until the market breaks 6,000 we can’t be sure the uptrend is going to continue.

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