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 November 29 - 2016

After the strong move to the upside last week all our major indices formed weekly pivot points to the upside which also traded above the October high. We also saw the gap between the All Ords and the S&P/ASX 200 narrow to 63 points by the end of last week and the futures contract continues to trade positive to the S&P/ASX 200 for the second week, which indicates the “smart money” is confident the market will likely remain positive.

Read more >>

Day Trader column for November 22 - 2016

We are still waiting for the weekly pivot point to form. Last week the All Ords traded around 5,400 for the entire week and failed to move up and close above 5,446, the level needed to form the weekly pivot point.

Read more >>

Day Trader column for November 15 - 2016

I said last week we could be seeing the third leg down in a correction from the recent move up to the 5,600 resistance level and the result of the US election could trigger the end of the correction.

Read more >>

Day Trader column for November 8 - 2016

Last week certainly put the cat among the pigeon. My market scans this weekend brought up the lowest number of stocks for many months.

Read more >>

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.

Read more >>

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.

Read more >>

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.

Read more >>

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.

Read more >>

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.

Read more >>

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.

Read more >>