 As the equity markets reel, the CBOE Volatility Index and VIX-related exchange traded funds have jumped on the risk-off turbulence. On Wednesday, the iPath Series B SP 500 VIX Short Term Futures ETN NYSEArca: VXX jumped 9.5 and the ProShares VIX Short-Term Futures ETF NYSEArca: VIXY advanced 9.1, both breaking back above their short-term resistances . 