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 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.

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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.

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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.

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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.

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Day Trader column for August 16 - 2016

It seems any set back in our market is short lived, as last week after the All Ords traded back above 5,600 it stayed around that level all week. Now a daily close above last Thursdays high would be a daily pivot point to the upside leading to the next resistance at 6,000.

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Day Trader column for August 09 - 2016

Last week our market finally stopped for a breather and it is worth noting that the move up was arrested at the June July 2015 highs at the 5,700 level on the All Ords.

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Day Trader column for July 26 - 2016

It certainly is looking like our market, and I might add some overseas markets are very much poised to begin the next phase of the uptrend. The ANZ Bank is the first bank to break its downtrend, but there is still some work to be done by the other banks, BHP and RIO. When they break their respective downtrends then our market will likely be up around the 6,000 resistance level.

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Day Trader column for July 19 - 2016

Our market last week formed a weekly pivot point to the upside after the pullback from the May highs. The May highs also broke the downtrend which had been in place since early 2015.

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Day Trader column for July 12 - 2016

r market has clearly broken the short term downtrend which has been in place since early 2015 but has moved back down for a possible retest of that line and as yet there is no weekly pivot point to the upside to indicate this retest has completed. If the Indices do not trade below the low of the week ending July 01 we will need to see a weekly close above 5,327 on the All Ords to confirm the weekly pivot point.

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Day Trader column for July 5 - 2016

Last week the market behaved much the same as it does at the end of every financial year. It ran up into Thursday, the last day of the financial year and on Friday the market lost momentum and reversed at the end of the day.

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