timwest
Long

Sotheby's Holdings -BID -Monthly -Mkt Leading Indicator Warning

NYSE:BID   SOTHEBYS
326 3 9
Sotheby's for two-decades has been one of my favorite barometers to see when the bubbling prices in Wall Street had spilled over into optimism about all things collectible. The profits at Sotheby's Auction Houses is a barometer for how much cash is burning a hole in collectors pockets and a measure of sentiment, for sure.

See what you think it is telling us now!

I'll put this as a "Long" for BID, just so it isn't a neutral. I am seeing this as a PAIRS trade to Buy BID, Short SPY             .

Tim
1:18PM EST August 20, 2014 SPY             198.82, BID 41.04
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Mr DL
2 years ago
Way too early, indices have topped yet.
Reply
timwest PRO Mr DL
a year ago
What do you think now that BID is off even more and the S&P has had a large rebound? The last time the S&P had a nearly 10% drop right after this pattern publication.
Reply
timwest PRO
2 years ago
This trade is up 7% (BID +10%, SPY +3%, net +7%) July 7, 2015
+1 Reply
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