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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 December 16, 1997.
*Released from Commodity Futures Trading Commission on December 19, 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
11.3
72.4
2.58
50
72.8
44.8
86.7
48.6
13.3
59.2
Last Reporting Period
11.6
70.2
4.11
50
68.6
45.4
84.4
49.1
15.6
55
T-Bonds (MACE)
500 contracts
14.7
36.3
0
50
7.08
100
21.8
57
78.2
48
Last Reporting Period
14.4
26.6
0
50
9.84
100
24.3
56.3
75.7
48
90-Day T-Bills (IMM)
150 contracts
19.5
95.1
6.66
50
46
9.61
72.1
36.5
27.9
85
Last Reporting Period
2.22
54.9
22.5
50
51.5
35.8
76.2
40.5
23.8
80.3
6.5-10 Yr. T-Notes (CBOT)
500 contracts
9.91
64.6
0.41
50
72.9
48
83.2
50
16.8
50.1
Last Reporting Period
10.5
62.7
2.34
50
68.9
46.6
81.8
48.7
18.2
55.7
5-Yr. T-Notes (CBOT)
300 contracts
15.6
19.1
1.37
50
72.1
57.6
89.1
50.8
10.9
43.9
Last Reporting Period
16
59.1
2.46
50
69.9
47.8
88.4
49.9
11.6
50.8
2-Yr. T-Notes (CBOT)
200 contracts
6
12.2
0
50
76.5
55.5
82.5
52.4
17.5
38.9
Last Reporting Period
7.96
21.2
8.9
50
71.7
51.6
88.6
48.7
11.4
60.2
Eurodollars (IMM)
850 contracts
6.22
61.4
7.14
50
60.1
51.5
73.5
52.2
26.5
44
Last Reporting Period
6.37
62.6
7.41
50
59.9
51
73.7
51.9
26.3
44.6
1-Mo. Libor Rate (IMM)
100 contracts
7.09
55
2.44
50
73.4
49.1
83
49.7
17
51.7
Last Reporting Period
2.74
21.2
4.24
50
83.9
51.7
90.8
50.7
9.17
42.8
Municipal Bonds (CBOT)
25 contracts
7.32
81.4
0.36
50
83.4
45
91.1
48
8.92
70.8
Last Reporting Period
5.39
85.1
0.37
50
85.8
45.8
91.6
48.1
8.43
70.2
30-Day Fed Funds (CBOT)
100 contracts
10.3
64.4
7.45
50
64.8
48.7
82.6
50.8
17.4
46.1
Last Reporting Period
9.5
32.5
6.04
50
65.4
54.1
81
51.2
19
44.7
Canadian Dollar (IMM)
200 contracts
14.3
16.3
2.57
50
57
55.3
73.9
47.6
26.1
56.9
Last Reporting Period
19
14.6
1.92
50
46.5
57.3
67.4
45.1
32.6
60.2
Swiss Franc (IMM)
200 contracts
19.8
4.09
1.84
50
48.7
74.3
70.3
53.9
29.7
40.7
Last Reporting Period
20.5
90.7
2.4
50
48.8
28.1
71.7
46.7
28.3
58.2
Deutschemark (IMM)
200 contracts
18.7
16.4
1.81
50
53
70.2
73.6
56
26.4
33.2
Last Reporting Period
14.4
60.1
1.84
50
54.8
46
71
48.9
29
52.6
Pound Sterling (IMM)
200 contracts
16.6
42.6
2.82
50
46.5
61.1
65.9
56
34.1
38.4
Last Reporting Period
24.1
92.9
0.01
50
48.7
25.4
72.8
47.8
27.2
56
Japanese Yen (IMM)
200 contracts
25.9
8.36
0
50
54.8
77.9
80.7
55.6
19.3
26.6
Last Reporting Period
19.7
11.7
0.62
50
63.4
66.6
83.7
53.6
16.3
31.6
Australian Dollar (IMM)
200 contracts
25.5
0
0
50
46.8
92.7
72.4
60
27.6
23.9
Last Reporting Period
19.8
0
0
50
58.5
76.3
78.3
57
21.7
24.8
Mexican Peso (IMM)
200 contracts
11.8
62.7
2.45
50
61.9
44.4
76.1
47.4
23.9
58.4
Last Reporting Period
6.7
41.2
7.36
50
63.3
52
77.3
50.9
22.7
46.9
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
3.16
55.4
0
50
88.8
48.5
92
48.8
8
64.2
Last Reporting Period
4.24
49
0
50
91
49.7
95.2
49.7
4.79
56.4
S&P 500 (IMM)
300 contracts
5.52
31.9
0.92
50
68.4
50.1
74.9
48.7
25.1
53.8
Last Reporting Period
6.47
34.5
0.38
50
69.6
50.5
76.5
49.1
23.5
52.8
Value Line Avg. (KCBT)
50 contracts
––
––
––
50
––
––
––
––
––
––
Last Reporting Period
––
––
––
50
––
––
––
––
––
––
Mini Value Line Avg. (KCBT)
50 contracts
15.8
11.3
6.46
50
47.6
58.8
69.8
47.3
30.2
56.3
Last Reporting Period
21.1
21.2
0
50
39.1
74.3
60.2
55.7
39.8
41.4
GSCI (IMM)
25 contracts
6.55
53.7
0
50
89.9
49
96.4
49.3
3.57
67.8
Last Reporting Period
5.82
54.2
0.41
50
91.2
49.1
97.4
49.4
2.56
73.8
Nikkei Stock Avg. (IMM)
50 contracts
20
53
0
50
61.3
44.8
81.3
46.8
18.7
63.9
Last Reporting Period
19.6
56.9
0.08
50
58.7
44.9
78.4
47.9
21.6
57.5
Russel 2000 Index (CME)
25 contracts
10.3
79.3
0.51
50
81
44.7
91.9
48.6
8.14
65.7
Last Reporting Period
12.6
67.2
0
50
81.2
46.3
93.8
49.1
6.21
63.5
Yen/DM XRate (NYCE)
25 contracts
44.1
90.6
0
50
47.2
4.9
91.4
46.3
8.64
89.6
Last Reporting Period
38.8
90.6
0
50
54.9
17
93.7
47.5
6.29
87
French Franc/DM XRate (NYCE)
25 contracts
50.3
6.62
0
50
48.8
95.4
99.2
50.3
0.83
11.3
Last Reporting Period
45.8
6.14
0
50
51.8
90.5
97.6
50.9
2.41
14.3
Lira/DM XRate (NYCE)
25 contracts
53
13.5
0
50
45.2
94.6
98.2
50.8
1.8
6.25
Last Reporting Period
41.4
12.5
0
50
56.7
78.6
98.1
50.6
1.91
17.1
DM/B Pound XRate (NYCE)
25 contracts
34.6
62.7
0
50
47.8
38.5
82.4
48.7
17.6
56.2
Last Reporting Period
17.7
63.5
0
50
62
42.2
79.7
46.9
20.3
62.1
Eurotop 100 (CMX)
25 contracts
0.63
100
0
50
92.1
48.3
92.7
48.6
7.25
67.8
Last Reporting Period
0.58
100
0
50
94.8
48.4
95.4
48.7
4.64
76.2
US$ Index (New) (NYCE)
50 contracts
31.5
44.4
52.1
50
4.58
19.4
88.1
46.4
11.9
76.5
Last Reporting Period
13.5
58.5
68.9
50
4.19
37.6
86.6
50.7
13.4
45.3
NYSE Compos. (NYFE)
50 contracts
7.2
37.3
30.2
50
17.4
36.4
54.8
44
45.2
57.3
Last Reporting Period
18.3
42.9
41.2
50
10.2
84.7
69.7
53.2
30.3
42.7
CRB Futures Index (NYFE)
25 contracts
18.6
31.4
63.9
50
0
––
82.5
45.8
17.5
69.8
Last Reporting Period
16.9
29.5
66.6
50
0
––
83.5
45.9
16.5
70.9

*Reporting positions as of December 16, 1997.
**Futures contracts used for hedging.
***Positions that are below the reporting levels.
*Released from Commodity Futures Trading Commission on December 19, 1997.
Consensus National Futures and Financial On Line Index

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