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 December 15 - 2017
As of last week the indices continued to edge higher and the SPI futures contract remained above the S&P/ASX 200, so as far as the big picture goes the market is still looking OK.
There was considerable volatility in the indices over the past two weeks and this week, as of Wednesday we have seen the momentum move back to the upside. We still have the SPI futures contract trading at a premium to the S&P/ASX 200 which it trades against, which augers well for the continued move up.
Read more >>
Day Trader column for December 8 - 2017
The All Ords, S&P/ASX 200 and the SPI futures contracts all had a relatively calm week last week and all ended the week slightly higher than the week before and the SPI was still trading at a premium to the S&P/ASX 200 indicating all was looking good. However all three closed on Wednesday slightly lower than last week’s respective lows.
There was considerable volatility in the indices over the past two weeks and this week, as of Wednesday we have seen the momentum move back to the upside. We still have the SPI futures contract trading at a premium to the S&P/ASX 200 which it trades against, which augers well for the continued move up.
Read more >>
Day Trader column for December 1 - 2017
There was considerable volatility in the indices over the past two weeks and this week, as of Wednesday we have seen the momentum move back to the upside. We still have the SPI futures contract trading at a premium to the S&P/ASX 200 which it trades against, which augers well for the continued move up.
Read more >>
Day Trader column for November 24 - 2017
Last week saw our market move up after taking a breather the week before. The move down, although it did trade below the low of the week the indices made their high for the past ten years they closed the week well above that low so did not form weekly pivot points to the downside and last week moved higher
Read more >>
Day Trader column for November 17 - 2017
Not a good week for our portfolio as the market has taken back the previous weeks gain, but I suspect it is the correction we had to have. If the indices continue down after this column is written at the end of trade on Wednesday, then we will see a weekly pivot point to the downside.
Read more >>
Day Trader column for November 3 - 2017
The All Ords closed the day’s trading on Wednesday above 6,000 for the first time since May 2008. This is also the break above the sideways move which has been in place since the beginning of this year indicating to me the uptrend is now clearly in place.
Read more >>
Day Trader column for October 27 - 2017
The All Ords continues to consolidate just below 5,900 and it looks like it will break above 6,000 in the near future and the strength in the market is across the board, so I expect there will be some interesting trading opportunities for some time to come.
Read more >>
Day Trader column for October 20 - 2017
At long last our market ran up strongly last week and closed above the narrow sideways trading range which has been in place since May this year. This weekly close formed the weekly pivot point I have been waiting for.
Read more >>
Day Trader column for October 13 - 2017
Well last week saw the All Ords and the ASX/S&P 200 both close higher than they have for the past couple of months and as of Wednesday this week the daily close on the All Ords was well above the 5,824 needed for the weekly pivot point I have been waiting to form.
Read more >>
|
