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THE CONSENSUS® REPORT OF THE COMMITMENTS OF TRADERS MARKET COMPOSITION

Derived from the Bi-Weekly Report Published by the Commodity Futures Trading Commission*
*Reporting positions as of November 18, 1997.
*Released from Commodity Futures Trading Commission on November 21, 1997.

Showing Percentage Each Group Comprises of Each Market and Percentage of Each Group in Long Positions

Grains & Oilseeds | Metals & Petroleum | Financial | Food & Fiber | Livestock

Reportable Positions
Exchange & Commodity Non Comm. Long or Short Only Non Comm. Long or Short (Spreading) Comm.** Long or Short Only Total
Reportable
Positions 		Non
Reportable
Positions***
Reporting
Level		Pct.
of Mkt.		Pct.
Long		Pct.
of Mkt.		Pct.
Long		Pct.
of Mkt.		Pct.
Long		Pct.
of Mkt.		Pct.
Long		Pct.
of Mkt.		Pct.
Long
T-Bonds (CBOT)
500 contracts
9.12
62.5
12.4
50
63.2
46.7
84.7
48.9
15.3
56.3
Last Reporting Period
9.98
56.7
7.55
50
66.6
47.7
84.1
49
15.9
55.5
T-Bonds (MACE)
500 contracts
26.1
49.9
0
50
2.36
100
28.4
54.1
71.6
48.4
Last Reporting Period
25.7
37.9
0
50
6.1
54.6
31.8
41.1
68.2
54.2
90-Day T-Bills (IMM)
150 contracts
3.07
100
20
50
49.2
32.1
72.3
39.9
27.7
76.2
Last Reporting Period
7.1
83.6
20.7
50
42.8
28.1
70.6
40.1
29.4
73.7
6.5-10 Yr. T-Notes (CBOT)
500 contracts
8.41
75.5
1.25
50
73
46.8
82.6
49.8
17.4
50.9
Last Reporting Period
9.25
63.9
3.27
50
71.1
48.1
83.6
50
16.4
50.2
5-Yr. T-Notes (CBOT)
300 contracts
14.2
67.4
2.28
50
70.5
46.8
86.9
50.3
13.1
48.2
Last Reporting Period
16.3
66.3
0.96
50
69.5
47.2
86.8
50.8
13.2
44.7
2-Yr. T-Notes (CBOT)
200 contracts
1.02
2.78
0.68
50
80.5
51.6
82.2
51
17.8
45.6
Last Reporting Period
2.1
31.3
0.08
50
79.5
52.8
81.7
52.2
18.3
40.1
Eurodollars (IMM)
850 contracts
6.17
59.4
7.21
50
59.4
51.7
72.7
52.2
27.3
44.2
Last Reporting Period
5.99
64.3
6.89
50
59.4
51.5
72.3
52.4
27.7
43.7
1-Mo. Libor Rate (IMM)
100 contracts
4.41
7.23
1.76
50
79.9
52
86.1
49.6
13.9
52.2
Last Reporting Period
2.86
18.3
1.03
50
88.5
50.5
92.4
49.5
7.57
56.1
Municipal Bonds (CBOT)
25 contracts
4.94
73.1
0
50
84.8
47.5
89.7
48.9
10.3
59.2
Last Reporting Period
6.34
77.1
0
50
85.5
47.8
91.8
49.8
8.18
52.3
30-Day Fed Funds (CBOT)
100 contracts
12
36
8.48
50
61.6
54.4
82.1
51.3
17.9
44.2
Last Reporting Period
9.29
41.2
6.89
50
68.3
52.3
84.4
50.9
15.6
45.4
Canadian Dollar (IMM)
200 contracts
19.9
13.4
1.63
50
50
57.2
71.5
44.8
28.5
63
Last Reporting Period
23
12.6
1.49
50
50.2
61.7
74.7
46.3
25.3
60.9
Swiss Franc (IMM)
200 contracts
21.3
88.4
2.32
50
49.5
27.9
73.1
46.2
26.9
60.3
Last Reporting Period
16.9
86.1
2.38
50
50.9
32.9
70.1
46.3
29.9
58.7
Deutschemark (IMM)
200 contracts
21.5
74.2
0.95
50
51.5
34.1
73.9
46
26.1
61.4
Last Reporting Period
17.7
68.7
1.54
50
51.7
37.3
70.9
45.4
29.1
61.2
Pound Sterling (IMM)
200 contracts
26.3
95.1
0
50
51
17.6
77.2
44
22.8
70.4
Last Reporting Period
22.4
93.3
0
50
49.9
18.6
72.4
41.8
27.6
71.6
Japanese Yen (IMM)
200 contracts
20
16.1
0.62
50
63.1
65.2
83.6
53.3
16.4
32.9
Last Reporting Period
18.7
24.4
0
50
66.1
60.8
84.9
52.8
15.1
34.4
Australian Dollar (IMM)
200 contracts
21.2
2.48
0
50
57.4
78.5
78.6
58
21.4
20.7
Last Reporting Period
21
0
0
50
57.7
78.6
78.8
57.6
21.2
21.8
Mexican Peso (IMM)
200 contracts
7.09
52.1
8.35
50
63.7
51.7
79.2
51.6
20.8
44.1
Last Reporting Period
8.82
61.3
10.7
50
53.5
49.5
73.1
51
26.9
47.2
30-Day Fed Funds (IMM)
100 contracts
6.76
0
0
50
87.3
55.1
94.1
51.2
5.91
31.4
Last Reporting Period
6.76
0
0
50
87.3
55.1
94.1
51.2
5.91
31.4
S&P 400 (IMM)
25 contracts
4.33
47.3
0
50
91.8
49.9
96.2
49.8
3.82
55.3
Last Reporting Period
4.13
45.6
0
50
92.2
49.5
96.3
49.4
3.66
67.1
S&P 500 (IMM)
300 contracts
8
28.5
0.25
50
68
51.8
76.3
49.4
23.7
51.9
Last Reporting Period
6.77
25.7
0.22
50
68.2
51.4
75.2
49
24.8
52.9
Value Line Avg. (KCBT)
50 contracts
––
––
––
50
––
––
––
––
––
––
Last Reporting Period
––
––
––
50
––
––
––
––
––
––
Mini Value Line Avg. (KCBT)
50 contracts
21.1
18.4
0
50
41.5
72.7
62.6
54.4
37.4
42.7
Last Reporting Period
16.9
21
0
50
46.6
61.9
63.5
51
36.5
48.3
GSCI (IMM)
25 contracts
6.29
54.4
0
50
91.4
48.7
97.7
49.1
2.32
88
Last Reporting Period
6.27
57.3
0.97
50
90.5
48.4
97.7
49
2.3
93.2
Nikkei Stock Avg. (IMM)
50 contracts
22.9
47.8
0.02
50
60.5
48.4
83.4
48.2
16.6
58.8
Last Reporting Period
21.2
58.3
0.08
50
60.6
42
81.9
46.2
18.1
67
Russel 2000 Index (CME)
25 contracts
13.6
57.6
0.33
50
80.7
47.7
94.6
49.1
5.4
65.2
Last Reporting Period
12.6
63.5
0.31
50
81.6
46.6
94.5
48.8
5.45
70.3
Yen/DM XRate (NYCE)
25 contracts
38.4
92.4
0
50
55.7
16.7
94.1
47.6
5.92
88.8
Last Reporting Period
32.1
89.3
0
50
58
22
90.1
46
9.88
86.6
French Franc/DM XRate (NYCE)
25 contracts
47.7
3.75
0
50
51
93.8
98.7
50.3
1.31
28.7
Last Reporting Period
46.5
4.4
0
50
52.3
91
98.8
50.2
1.17
32.4
Lira/DM XRate (NYCE)
25 contracts
41.1
11.6
0
50
57
78.9
98.1
50.7
1.9
15.1
Last Reporting Period
33.8
13.9
0
50
63.5
70.3
97.3
50.7
2.73
24.3
DM/B Pound XRate (NYCE)
25 contracts
13.5
45.4
0
50
65.4
48.3
78.8
47.8
21.2
58.2
Last Reporting Period
10.7
18
0
50
68.5
53.9
79.2
49.1
20.8
53.5
Eurotop 100 (CMX)
25 contracts
0.59
100
0
50
93.9
48.2
94.5
48.6
5.48
75
Last Reporting Period
3.55
100
0
50
90.9
46.3
94.4
48.3
5.59
78
US$ Index (New) (NYCE)
50 contracts
26.5
49.1
59.8
50
4.01
100
90.3
52
9.73
31.8
Last Reporting Period
15.9
51.8
69.6
50
1.81
100
87.3
51.4
12.7
40.6
NYSE Compos. (NYFE)
50 contracts
16.3
86.7
41.4
50
7.77
18.2
65.5
55.4
34.5
39.8
Last Reporting Period
18.2
89.5
40.1
50
8.36
16.8
66.7
56.6
33.3
36.8
CRB Futures Index (NYFE)
25 contracts
16.3
31.7
70.2
50
0
––
86.6
46.5
13.4
72.3
Last Reporting Period
16.9
30.6
63.1
50
0
––
80.1
45.9
19.9
66.5

*Reporting positions as of November 18, 1997.
**Futures contracts used for hedging.
***Positions that are below the reporting levels.
*Released from Commodity Futures Trading Commission on November 21, 1997.
Consensus National Futures and Financial On Line Index

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