ETF Trends
ETF Trends

Some traders have been keeping a close eye on the CBOE Volatility Index as a possible “tell” that the rally in risk assets since March 2009 may be due for a breather.

That’s why the VIX’s move above its 200-day moving average Wednesday drew the attention of investors with a technical bent.

The index, which measures the implied volatility of options contracts on the S&P 500, has been relatively subdued during the market’s recent rocky stretch. The benchmark is known as Wall Street’s favorite fear gauge.

However, the VIX was up 18% in the final hour of U.S. trading Wednesday to its highest level since March.

The largest exchange traded product following VIX futures, iPath S&P 500 VIX Short-Term Futures ETN (NYSEArca: VXX), rose 8%.

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