Directional Bias For The Day: Futures are higher Generally moving up since 10:30 AM on May 11; small rounding bottom pattern since Monday’s high Odds are for an up day; watch for break below 2397.00 for change of fortunes Key Economic data: Building Permits (1.23M vs. 1.27M est.); Housing Starts (1.17M vs. 1.26M) at  8:30 AM Markets Around The World Markets in the East were…