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 March 04 – 2009

The All Ords had its lowest weekly close since last November on Friday. However the S&P/ASX 200 and the SPI Futures contract did not close the week below the close on January 23.

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"Day Trader" column for February 18 – 2009

Last week our market was up three day and down the other two to finished the week up around ninety points, but the week overall was pretty much a non week.

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“Day Trader” column for February 11 – 2009

Our market did nothing last week to convince me it is not going lower. A break to new lows is looking very likely soon.

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“Day Trader” column for February 04 – 2009

This week we will see if the strength shown last week is sustainable or just another small rebound in the downtrend.

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“Day Trader” column for January 28 – 2009

After last weeks’ big falls there will not be much joy for anyone holding so called blue chip shares.

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“Day Trader” column for January 21 – 2009

Thursday last week saw the market make a clear break down from the uptrend line drawn on the daily chart commencing at the low point of the fall since the market rolled over in October 2007.

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“Day Trader” column for January 14 – 2009

It is getting rather tiresome waiting for the market to reverse. I feel sure it is in the process of reversing the downtrend and about to have a significant bounce.

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“Day Trader” column for January 07 – 2009

For the first time in many weeks our market managed to stir itself last week. The first days’ trade of the New Year saw the All Ords move above the high of November 28 which was the high of the sideways trading range established after the low of close to 3,200 formed on November 21.

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“Day Trader” column for November 06 – 2008

Last week our main Market Indices closed on their highs for the week, however they all, also made new lows for the week which means they will have to close this week above last weeks’ highs before we see a weekly pivot point form.

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“Day Trader” column for October 08 – 2008

For the first time in a long time our Market looks as though it is setting up for a reversal of the downtrend.

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