Bank of America Corp (NYSE:BAC) is trading at $15.19, -0.03 (-0.20%). The stock is hovering at a major breakout point on the chart. If this level breaks to the upside, Bank of America will likely surge to $18.00 within weeks. Investors must respect the resistance trend line. Remember, until it breaks there are no solid bets to the buy side. Smart investors and big money are watching closely as the stock hammers on $15.25. A daily close above and it is likely to see blast-off. 

Tech News: SoundView Research Issues Note on NXT-ID, Inc (NASDAQ: $NXTD); Acquisition Into Position

BOSTON - August 22, 2016 (Investorideas.com Newswire) SoundView Technology Group (http://soundview.co) releases the following company note for NXT-ID, Inc. (NASDAQ:NXTD).

NXT-ID (NXTD $0.45) Acquisition into position.

Kris Tuttle & Steve Waite: August 22, 2016

In July NXT-ID completed a major acquisition that brings substantial revenues and profits ($11.1M sales and $2.1M EBITDA in 2015) into the company. The deal also takes them from a payments-focused technology provider into a more horizontal IoT technology provider to multiple markets.

NXT-ID announced an agreement to purchase LogicMark on May 18, 2016 and set about to put together the considerable financing needed to complete the deal. They put a package together and on July 26, 2016 completed the deal for consideration of $20M cash and $900K in stock. There are also performance-driven payments of $6.5M if gross margin targets are hit in future periods.

WorldVentures Continues Rise in Key Business Rankings with Leap to No. 677 in 2016 Inc. 5000

#WorldVentures™ collaborates with NXT-ID, Inc. (NASDAQ: $NXTD) in the development of a new #smartcard

PLANO, Texas - August 19, 2016 (Investorideas.com Newswire) WorldVentures™, a global travel club that sells memberships providing a diverse set of lifestyle products and experiences, rose from its No. 915 to No. 677 in Inc. magazine's annual Inc. 5000, an exclusive ranking of America's fastest-growing private companies. WorldVentures received its ranking based on its three-year growth of 581%.

The list represents what Inc. refers to as "the superheroes of the U.S. economy"—America's independent entrepreneurs. Well-known companies such as Pandora, 7 Eleven, Toys 'R' Us, Zipcar, Zappos.com and numerous other brands have been honored by the Inc. 5000.

The Olympics have come to a close. Two weeks of trials and tribulations for the best athletes in the world. Overall, Brazil did a solid job of hosting the games but now they are over. The Brazilian ETF iShares MSCI Brazil Index (NYSEARCA:EWZ) is likely to fall hard. After running up on anticipation of the billions likely to be spent, there will be a major sell as buyers cease and sellers take over. The chart confirms this based on a rounded top pattern during the Olympics. A rounded top pattern is created as sellers start to equal buyers at the highs of a stock chart. The stock chart slowly flattens then starts to turn slightly down. This makes total sense as amateur investors would be buying during the Olympics but smart investors would be selling. The EWZ has risen dramatically over the months prior to the Olympics. In January 2016 it traded as low as $17.25 before hitting $35.00 a week into the Olympics. This is a 100%+ move. The void of the Olympics being over will start to drop the $EWZ. Downside on this ETF is likely more than 25% in the coming month.