Premarket Volume Scan

Market Narrative

## Premarket Scan for June 25, 2026 The top candidate heading into Wednesday's open is AAL, American Airlines Group, which is showing an 8.05% gap up to $17.44 on volume of over 207 million shares in premarket trading. That volume figure is the defining factor here. More than 207 million shares have already changed hands before the bell, dwarfing every other name on the scan, and that level of participation signals genuine institutional interest rather than a thin premarket pop that fades at open. The premarket range is tight at 1.03%, which actually sets up the HOD/LOD breakout strategy cleanly. With that much volume behind it and price consolidating in a narrow band, a break above the premarket high with continued volume confirmation is the primary long trigger. A failure below the premarket low flips the thesis and opens a short entry. Trade shares only on AAL given the shares_only designation, as the options market may not offer the liquidity needed to execute cleanly on a fast-moving name. Second in line by volume is NVDA at 152 million shares, down 0.52% to $199. The slight negative lean combined with massive volume could indicate distribution or rotation, and with a 1.14% premarket range, the same HOD/LOD breakout framework applies. Watch the $199 level closely as it represents a psychologically significant round number. The macro backdrop for June 25, 2026 adds a layer of complexity that traders cannot ignore. Core PCE Price Index month over month prints this morning with a forecast of 0.3% against a prior reading of 0.2%, and Final GDP quarter over quarter is expected to confirm at 1.6%. Core PCE is the Federal Reserve's preferred inflation gauge, and a reading at or above forecast will likely pressure rate-sensitive names and inject broader market volatility around the release. On a macro-driven day like this, VWAP becomes the preferred anchor for managing entries and exits, particularly on names like SOFI and INTC, which carry wider premarket ranges of 2.08% and 2.29% respectively. SOFI at $17.31 with nearly 120 million shares and INTC at $131.65 with over 104 million shares both qualify for VWAP reclaim or rejection setups. Wait for the PCE number to hit, let price react, and then trade the first clean VWAP test after the initial volatility settles. One name to flag but approach with caution is ONTX, which is showing a premarket gain of 2,476% to $25.64. However, volume is listed at zero and the premarket range is flat at