Well, it's official... contented cows DO give more milk...

I know lots of you have stayed up nights wondering about this, but as a certain commercial claims, it turns out that happy cows do actually produce more milk.

A recent study by the U.K.'s Newcastle University says that cows with names like "Daisy" and "Buttercup" produce as many as 500 pints more milk a year than cows without names.

The study claims that "just as people respond better to a personal touch, cows also feel happier and more relaxed if they are given more attention."

What a mooving discovery that is!

Evidently nothing gave the stock market much to be contented about today, since the DJIA plummeted over 226 points, and the Nasdaq cratered 50.5. More job losses seemed to be the catalyst for the selloff today. And yesterday's great gains were wiped out today. So much for the new bullish trend.

But there is a small subsector within the biotech industry that has exploded in value over the past few days. The handful of stocks ran up so fast it was hard to find a decent entry point. In those cases, I look for the inevitable pullback and then for a Holy Grail or an ARM Play to set up.

A beauty of an ARM Play did set up on one of those stocks today. It reversed almost 13% on a Bullish Engulfing pattern after its recent price explosion, and could be off to the races again. I'm about to name the stock for my Premium Members.