Columns/Diary

Darryl Morley is a well known and respected newspaper columnist and professional trader, who is a former stockbroker. He has been wrote his avidly followed Day Trader column on trading and technical analysis for the Melbourne Herald Sun and the Hobart Mercury for over 20 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 20 - 2018

The All Ords formed a daily pivot point to the upside on Wednesday this week after fulfilling the reversal to the downside predicted by the divergence discussed last week.

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Day Trader column for July 13 - 2018

Last week there was a clear divergence on the weekly chart between the SPI futures contract and the ASX/S&P 200 when the ASX/S&P 200 closed the week above the previous two weeks high and the SPI failed to even trade above the previous two weeks high and closed well below the high of the previous two weeks.

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Day Trader column for July 6 - 2018

It seems we are having the slow pullback I expected after the window dressing pushed the market up at the end of the financial year. As I said last week we will soon see if the recent strength can be sustained and if it can, then there should be buying opportunities in several sectors of the market including healthcare, energy, oil and gas and some resources.

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Day Trader column for June 22 - 2018

All three indices I watch closely, as of Wednesday, closed above their respective January highs. The SPI is now trading at a ten point premium to the ASX/S&P 200 which is more positive than it has been for a long time.

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Day Trader column for June 15 - 2018

As of Friday last week both major indices and the SPI Futures contract all formed weekly pivot points to the upside and the SPI Futures and ASX/S&P 200 continue to trade within a couple of points of each other. It requires a great deal of patience to wait for the desired pattern and buy signals to form.

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Day Trader column for June 8 - 2018

Our market is still trying to decide whether it wants to go down further before getting on with the uptrend or if it is now ready to continue up. On Wednesday the indices closed above their respective resistance levels of 6,100 for the All Ords and 6,000 for the ASX/S&P 200 so maybe they will now continue.

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Day Trader column for June 1 - 2018

Last week saw the indices form weekly pivot points to the downside, so it looks like the market wants a little more time to build the strength to resume the uptrend.

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Day Trader column for May 25 - 2018

The pullback I spoke of last week has come to pass as the market consolidates in preparation to break the January highs. The SPI Futures continue to move further above the S&P/ASX 200 which is a very positive indication for the market.

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Day Trader column for May 18 - 2018

Everything continues to line up for our market to break the January highs and the first positive sign is the SPI futures broke above the January high on Friday of last week and has continued to trade around that level. The All Ords and the S&P&ASX 200 however, remained below the January high as of Wednesday.

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