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 November 1 - 2016

Last week ended with a weekly pivot point to the downside when it closed the week below the level mentioned in last week’s column.


Day Trader column for October 25 - 2016

Patience is the name of the game at the moment. Last week we saw the indices open the week and close on Friday at close to the same level. They traded above and below that level during the week.


Day Trader column for October 18 - 2016

Still more uncertainty in our market last week as the All Ords and the ASX/S&P 200 did not form weekly pivot points to the downside, as the high for the week was the same high as the previous week, or in the case of the ASX/S&P 200 it was the actual high for the recent move up.


Day Trader column for October 11 - 2016

The All Ords continued to edge towards the 5,600 support/resistance level last week and as yet has not had the daily pullback I mentioned a couple of weeks ago, as the next step in my confirmation process of the uptrend continuing.


Day Trader column for October 4 - 2016

Last week was pretty much a week of indecision in our market. We saw the indices move up and down during the week to finish close to where they started.


Day Trader column for September 27 - 2016

Last week we saw the next step on the path to the uptrend gaining strength in the form of a weekly pivot point to the upside after the recent fall, which tested the bottom of the uptrend line drawn from the February low this year. I am now looking for a daily pullback and then a daily pivot point to the upside.


Day Trader column for September 20 - 2016

It is quite likely the big move down last Monday September 12 was the final capitulation in the move down since early August. There was a target for the All Ords at 5,300 after it broke below 5,500 which I missed in last week’s market comment.


Day Trader column for September 13 - 2016

Last Friday saw the All Ords close below the previous week’s low which now means there is a target around 5,400 on two measures. I did say last week that the May June highs should prove to be sufficient support to arrest the market fall, but the reversal early last week was just a bounce and by week’s end, the move down resumed.


Day Trader column for September 6 - 2016

The false break to the upside I spoke of last week played out as a textbook example of a false break followed by a fast move in the opposite direction. It also fell far enough by Friday to retest the May June highs, which should prove to be strong enough support to cause a reversal to the upside.


Day Trader column for August 30 - 2016

Last week I discussed the sideways trading pattern of the indices and I noted the upper level and lower level of this range. I then made comment that a weekly close either above or below these levels would be a precursor to a move that would continue moving in the direction of that close.