Directional Bias For The Day: S&P Futures are higher at 8:30 AM The odds are for an up day with elevated volatility Key economic data report due during the day: Building Permits (1.73M vs. 1.60M est; prev. 1.63M) at 8:30 AM Housing Starts ( 1.62M vs. 1.55M est.; prev. 1.55M) at 8:30 AM Current Account…