Directional Bias For The Day: S&P Futures are higher; The odds are for an up day; watch for a break below 3754.75 Key economic data report due during the day: Challenger Jobs Cut ( 134.5%.; prev. 45.4%) at 7:30 AM Unemployment Claims ( 787K vs. 798K est.; 790K) at 8:30 AM Trade Balance ( -68.1B…