How to trade Fed's QE infinity ?

For past 9 month stock market was rallying on the hope of fed QE hope and fed didn't disappoint by giving unlimited QE or QE infinity. There is one major risk to QE infinity and that is Bernanke and Obama losing their job. QE infinity will lead to inflation and gas prices will soar to $6 and if it happens Obama and Bernanke will be kicked out of the office in coming election this November. So the game plan for Fed or major market maker who want Bernanke and Obama to be back in the office will be to keep gas prices low and at the same time they would like to keep market flat. So if thats the game plan then buy ERY or DUG and short ERX and DIG. Also, I expect GLD, AGQ, SLV to decline and ZSL, GLL to rise.

Tomorrow market is expected to open high or rally because of ECB fine tuning operation. So, don't be surprise if market rally for silly rumor in the middle of the day. In last hour, from extremely bearish zone, Dow, S&P500 and Nasdaq managed to move above 200 ma as shown in the chart below.

Dow jones closed in bearish zone but its expected to open higher because of ECB fine tuning operation. I expect sell off at the close.

For bearish sentiment to continue, dow needs to break 13,520 resistance followed by 13,487 and for Bullish sentiment to continue, Dow needs to break 13,575 followed by 13,606.

For bearish sentiment to continue, it needs to break 13520 followed 13487. 

Session				Time	Currency	Event	Impact	Actual	Forecast	Prev.
				1:30	GBP	CPI	high		2.5	2.6
				1:30	GBP	CPI	high		0.5	0.1
				1:30	GBP	ONS House Prices	low		2.1	2.3
				2:00	EUR	German ZEW (Current Conditions)	high		18	18.2
				2:00	EUR	ZEW (Economic Sentiment)	low			-21.2
				2:00	EUR	German ZEW (Economic Sentiment)	high		-20	-25.5
				5:00	USD	Fed's Evans speaks on "Perspectives on Current Economic Issues" before a Bank of Ann Arbor meeting	low
				5:30	USD	Current Account	med		-125	-137.3
				6:00	USD	Net Long-term TICS Flows	low			9.3
				7:00	USD	NAHB Builders survey	med		38	37
				8:30	USD	Fed's Dudley speaks on regional and national economic conditions at Morris County Chamber of Commerce	low
				13:30	USD	Fed's Dudley speaks economic conditions in New Jersey and the US economic outlook	low
				15:00	AUD	RBA, Treasury and IMF co-host conference on "Structural Change and the Rise of Asia"	low
				15:45	NZD	Current Account	med		-1.62	-1.31
				16:15	USD	Fed's Lacker gives speech on "Maximum Employment and Monetary policy" before the Money Marketeers of New York University	low
				17:00		WTO Trade Policy Review Body Meeting of Korea (to Sep 21)	low
				17:00	JPY	BoJ MPC - Overnight Rate	high		0.1	0.1
				17:00	EUR	ECB Governing Council Meeting hold non-rate setting meeting (to 20 Sep)	med
				17:30	AUD	Westpac-MI Leading Index	med			0.5
				17:50	AUD	RBA Assistant Governor Kent gives speech at the "Structural Change and the Rise of Asia" conference	low
				22:00	JPY	Leading indicator (Final)	low			91.8

Earning after hour trading:

Gainers & Losers	Day’s Close	After-Hours	After-Hours % Change
THCTenet Healthcare Cor...	6.10	6.10	+3.21%
SUNSunoco Inc	47.98	47.98	+1.67%
INTUIntuit Inc	60.91	60.91	+1.26%
DFDean Foods Co	16.74	16.74	+1.21%
FISFidelity National In...	32.51	32.51	+0.90%
AMDAdvanced Micro Devic...	3.71	3.71	-7.48%
CCLCarnival Corp	37.22	37.22	-1.12%
LSILSI Corp	7.45	7.45	-0.93%
SPLSStaples Inc	11.88	11.88	-0.67%
MUMicron Technology In...	6.53	6.53	-0.61%

Data as of 7:48pm ET

All earnings releases

Company Name	Time	Transcript	Wall St EPS Est($)	Actual EPS($)
CHINAEDU CP-ADR  CEDU	After Market Close	N/A	0.07	N/A
FEDEX CORP  FDX	Before Open	N/A	1.40	N/A
MANCHESTER UTD  MANU	Before Open	N/A	-0.02	N/A
MISONIX INC  MSON	N/A	N/A	N/A	N/A
QEP COMPANY INC  QEPC	N/A	N/A	N/A	N/A
SCHIFF NUTRITN  SHF	Before Open	N/A	0.17	N/A
VERSAR INC  VSR	Before Open	N/A	N/A	N/A