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 24 – 2009

Friday last week saw the SPI Futures contract close below the low of the previous Wednesday but the underlying Index, the S&P/ASX 200 did not even trade below the weeks low.


“Day Trader” column for June 17 – 2009

The All Ords continued its move towards its next target around 4,300 to 4,400 last week. Many stocks in the energy, resource and medical sectors have already moved up or are consolidating at resistance levels prior to potentially strong moves.


“Day Trader” column for June 10 – 2009

Last week saw our market move up strongly. Thursday was the only day of weakness and Friday saw another positive move with the All Ords closing the week only forty points off its high for the weak after a two hundred point gain.


“Day Trader” column for June 03 – 2009

Last Friday saw our Market form a daily pivot point, and as many stocks formed buy signals during the week I expect the index is about to move up another level.


“Day Trader” column for May 27 – 2009

Last week our market closed at almost the same level it began. This however did not stop some of the stocks held moving down and breaking their stops.


“Day Trader” column for May 20 – 2009

Our market had what appeared to be a big fall last week. It fell every day except Friday when it recovered enough to close the week above the low of the previous week.


“Day Trader” column for May 13 – 2009

Last week our market gave the best signal yet which is definitely strong enough to continue moving up, at least to the 4,400 level and now I believe more likely 5,000 where it will intersect the major downtrend line drawn from the November 2007 high on a semi-log chart.


“Day Trader” column for May 06 – 2009

If the All Ords. was a stock, its pattern gave a buy signal last Thursday and the expected target would be around 4,400, which just so happens to be the spike high it formed in October last year as it was making its way down to 3,050.


“Day Trader” column for April 29 – 2009

Last week I suggested the market could move sideways to spend some time consolidating before moving higher. It looks like the consolidation may occur between 3,600 and 3,700 on the All Ords.


“Day Trader” column for April 22 – 2009

Last Friday the All Ords traded above the January spike high of 3,760 however it finished the day back where it started, so I now expect some sideways consolidation before it moves higher.