Chipmakers are overextended. Where Josh Brown is picking his spots in the sector

(This is The Best Stocks in the Market , brought to you by Josh Brown and Sean Russo of Ritholtz Wealth Management.) Josh — Let's not bury the lede. The semiconductor ETF (SMH) is now almost 50% above its 200-day moving average and an RSI of 85. If you are placing buy orders for semi stocks today, my god I hope you're managing risk. You can do this through tight stops or small trade size. These are the most extended stocks in the most extended industry group in the entire global stock market. …