Pinnacle Digest writes: The VIX, long hailed as the 'fear or risk gauge' of the markets, has risen above its 50 and 200 day moving averages. As indices across the world begin to shake and decline amidst unfriendly economic data, the US markets are beginning to feel the squeeze and negative investor sentiment is beginning to increase. The VIX was created to predict future volatility in the markets.

VIX on June 7 2013