The markets blasted off today following news that Senator John McCain would support the tax reform bill. This was significant for the Senate Republicans, as they now have the threshold of votes they need to get it passed. The Dow 30 set yet another record high today, closing above 24,000, gaining an astonishing 331. The S&P 500 also had a strong day today, adding 21 and making new record highs as well. The Nasdaq 100 recovered just over half of yesterday's ugly decline, adding 49 by the close.

On December 1, investors will start trying to digest the results of the Senate vote on tax reform, along with manufacturing numbers due out later in the morning.

Apple (AAPL  ) nearly recovered all of yesterday's losses, gaining 1.40% after MKM Partners raised their price target. The stock sold off aggressively yesterday, but thanks to a strong performance overall today, was able to recover strong. For the year Apple is still up about 50%.

Southwest Airlines (LUV  ) popped another 3.04% today, continuing its impressive three-day rally. Since Tuesday this week, the stock has added over 11%. Technical traders note that overextension in the short term along with the sector as the reason this may not run back to the highs of the year just yet.

Costco (COST  ) was one retail name that was able to pop to new highs today thanks to a strong run recently in the retail space. The stock has been on a tear the last two months, pushing past all technical resistance. For the year now the stock is higher by about 20%.

Under Armour (UA  ) was unable to participate in the rally today, which may be concerning to the counter-trend bulls. The stock sold off 2.13% today as it remains in a rebuilding phase. With over a 50% loss on the year, there are not many analysts that see any reason to buy in the short term.