Editor's note: Most folks believe technology stocks will never come back. But at DailyWealth, we know that's exactly the kind of sentiment that can lead to major opportunities. Today, Marc Chaikin – founder of our corporate affiliate Chaikin Analytics – joins us to explain why the financial media is dead wrong about tech...

The tech wreck... the tech crash... tech may never be the same...

Going back to last year, phrases like those have dominated the mainstream media.

Now, we're in the midst of a banking crisis. And yet, it still connects back to the technology sector. Take a look at this recent headline from Fortune magazine...

I get it if you feel like investors no longer favor tech stocks. It's hard not to think that way with headlines like the one above floating around.

Despite that, the market is taking a fundamentally different approach...

In short, tech stocks are once again outperforming the broad market. And as I'll show you today, they've outperformed for longer than you probably realize.

The tech-heavy Nasdaq Composite Index dominates the benchmark S&P 500 Index over the long run. Its outperformance has been incredible since the financial crisis...

Since stocks bottomed in March 2009, the Nasdaq is up roughly 820%. And the S&P 500 is up around 480%. The Nasdaq has nearly doubled the S&P 500 over that span.

Despite that, the Nasdaq is more volatile. It can underperform significantly at times. And investors in the index have experienced major busts over the years...

The latest bust – 2022's tech wreck – was especially painful. Investors who held on from the Nasdaq's peak in November 2021 through late December 2022 would have lost roughly 36%.

That's a major decline, especially for investors who panicked out of the market and locked in those losses. So again, I understand if you feel like tech is simply a no-go right now.

But the thing is... that avoid-at-all-costs mentality is out of line with reality.

Take a look...

Since the start of the year, the Nasdaq has soundly beaten the S&P 500. It's up almost 13% over that span. Meanwhile, the S&P 500 is up around 4%.

You may not feel like tech is a great investment anymore. But the sector is soaring. And the Power Gauge sees the potential opportunity, too...

The Power Gauge is one of our most important tools at Chaikin Analytics. It combines 20 of the most important factors to an asset's performance and distills them into a simple rating: bullish, bearish, or neutral.

The Technology Select Sector SPDR Fund (XLK) earns a "very bullish" overall rating right now. That's the benchmark we use as our measure of tech stocks.

Plus, XLK is performing even better than the Nasdaq. It's up roughly 15% this year.

Today, 39 of the rated stocks in XLK earn a "bullish" or better rating from the Power Gauge. And only 10 earn a "bearish" or worse rating. In fact, XLK is one of only two top-level sectors that has maintained its "bullish" rating throughout the most recent downturn.

Put simply, the market can change direction faster than the popular narrative does. And right now, tech stocks are leading the charge.

That's true even if some folks want you to believe that tech may never be the same.

Now, I'm not saying you should rush out and buy tech stocks indiscriminately...

After all, 27 stocks in XLK alone sit in "neutral" territory. And don't forget about the 10 stocks with a "bearish" or "very bearish" rating.

With that said, the upward trend in tech is well defined right now.

The Power Gauge sees specific opportunities in this sector. Don't let the stale narrative surrounding tech stocks get in your way.

Good investing,

Marc Chaikin

Editor's note: The turmoil in the banking industry has set off a wave of volatility... And it just triggered one of Marc's rarest indicators. It's signaling what could be the market's most important turning point in decades. And if you have any money in stocks today, you need to hear what Marc believes is coming next...

On March 28, at 8 p.m. Eastern time, this Wall Street legend is stepping forward with an urgent message. You'll learn why Marc has been waiting for a moment like this... and the one step you need to take this year to be ready for it. Click here for the details.