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The fear gauge and strong earnings tell Jim Cramer this bottom in the stock market may be real

Elizabeth Gurdus

The Cboe Volatility Index and strong earnings reports from key companies helped stocks recover intraday on Tuesday, CNBC's Jim Cramer says. The Cboe Volatility Index , also known as the stock market's fear gauge or the VIX, flashed a signal that could mean the market bottomed during Tuesday's turbulent trading session , CNBC's Jim Cramer said. Last week, the "Mad Money" host called on technician Mark Sebastian, who specializes in volatility, to get a read on the VIX , which measures expectations of near-term volatility by tracking S&P 500 option prices.