Premarket Volume Scan

Market Narrative

**Premarket Scan for May 12, 2026: Volume Leaders Drive Early Action** INTC leads the volume charts this morning with 179.5 million shares already traded, up 3.62% to $129.44 on a 5.72% premarket range. The semiconductor giant's massive volume surge outweighs the modest gap, making it the primary focus for momentum traders using a shares_only strategy given the liquidity. NVDA follows with 161.4 million in volume despite only a 1.97% move to $219.44, while NOK shows the strongest percentage gain at 8.58% to $13.92 on solid 144.7 million share volume. On the downside, IREN drops 9.89% to $55.15 with 112.6 million shares changing hands, presenting potential short setups. Today's CPI data release creates a macro-driven environment that favors VWAP strategies over breakout plays, especially with Core CPI expected to tick up to 0.3% from 0.2% and headline CPI forecast at 0.6%. The Fed Chair Nomination Vote adds another layer of volatility potential. For INTC's 5.72% premarket range, consider VWAP mean reversion plays rather than HOD/LOD breakouts given the macro uncertainty. Volume leaders without directional moves like EZGO, MEHA, and PLUG warrant monitoring for post-CPI momentum shifts. Focus on shares_only strategies across all candidates due to options liquidity concerns in this elevated volume environment.