Oil is near $100 a barrel and Hewlett-Packard Company ( HPQ ) had a great quarter, but the market as a whole is not moving. When there is no pin action it is a sign of a terrible market. Negative pin action like we see in HPQ and others like Research In Motion Limited ( RIMM ) is a sign to retrench yourself and look to safety, safety, safety." Mentioned were PepsiCo ( PEP ), The Coca-Cola Company ( KO ) and The Procter & Gamble Company ( PG ). Investors believer right now are that good quarters are all previous good quarters. The cue is being taken from Washington Mutual Inc. ( WM ) and Centex Corporation ( CTX ) more than they are looking to Transocean Inc. ( RIG ) or HPQ . Only in the worst markets do we not see stocks followed by leaders and Jim told us that this is just that kind of market.