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 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.

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“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.

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“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.

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“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.

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“Day Trader” column for April 15 – 2009

Although last week our Market was down for the week, there were many stocks right across the price range that continued to set themselves up for a rise, or actually gave me buy signals by the close on Thursday.

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“Day Trader” column for April 08 – 2009

After many months of declining market, the last two weeks have seen what may be the beginning of a rally in our market. Two weeks ago the All Ords formed the first weekly pivot point in twelve months that was confirmed on the daily chart by a pull back last week and a daily pivot point to the upside on Thursday.

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“Day Trader” column for April 01 – 2009

Last week the All Ords moved up and on Friday briefly touched the downtrend line drawn from the high formed in May last year, then started to fall as I expected.

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“Day Trader” column for March 25 – 2009

After waiting patiently for many months, last week the All Ordinaries finally formed its first Weekly Pivot Point since early September last year.

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“Day Trader” column for March 18 – 2009

Our Market had its best week in months last week, but does it foreshadow the end of the downtrend? It did not even break the short term downtrend.

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“Day Trader” column for March 11 – 2009

The expected break of 3,200 on the All Ords last week was the precursor to the next leg down in the market, which will very likely move through the various resistance levels created between 2,400 and 2,700.

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