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 February 24 - 2017

The weekly pivot point formed last week as expected. This now leads to the very high likelihood of our market moving up to new highs.

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Day Trader column for February 17 - 2017

As of Wednesday this week it looks very likely we will see a weekly pivot point form to the upside. If the All Ords closes above 5,773 today, that all important pivot point will be in place.

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Day Trader column for February 10 - 2017

Our market traded to a new low for the year this week and reversed on Tuesday after the All Ords tested the 5,650 support/resistance level. On Wednesday the indices all closed higher with the All Ords closing above 5,700, forming a daily pivot point in the process.

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Day Trader column for February 3 - 2017

Last week our market formed a reversal to the upside, but did not form a weekly pivot point to the upside.

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Day Trader column for January 27 - 2017

On the weekly chart at the end of last week the indices all formed weekly pivots to the downside. As of the close of trade on Wednesday there had been no daily pivot point to the upside formed, so we still have to wait for the first signs of the end of the move down.

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Day Trader column for January 20 - 2017

From now on this column will be published on Friday and as a result there will be a few small changes which reflect the fact it is now written after the close of trade of Wednesday.

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Day Trader column for January 10 - 2017

Welcome to the New Year and it does look as though it may be a prosperous one, as our market has steadily climbed during the Christmas New Year period to put on 220 points up until last Friday.

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Day Trader column for December 20 - 2016

Our market struggled above 5,600 last week and finally closed on Friday eleven points below at 5,589. Another thing which concerned me last week was the SPI futures contract closing the week 38 points below the S&P/ASX 200 for the first time in a few weeks.

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Day Trader column for December 13 - 2016

Our market certainly looks to be gaining momentum to the upside and last week the All Ords closed above 5,600 for the first time since August and there is now a clear target around 6,000 projected from the pattern formed since October.

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Day Trader column for December 6 - 2016

It was good to see our market behaved as I expected last week when it slowly pulled back down and the All Ords reversed at 5,500 and on Thursday formed a daily pivot point to the upside.

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