Bright Orange Orb traveled fairly quickly across sky then hovered briefly and shot straight up.Possible UFO Sighting Alamogordo New Mexico On November 30th at 2051 Local time (As verified with my Atomic Watch) at my residence in Alamogordo New Mexico, I happened to step outside to check on the weather conditions. Snow was forecasted for the evening. The weather was overcast with slight rain/sleet. As I walked around to my drive way I happened on a Bright Orange Light in the night sky. The object was North by East in direction. I wondered if it could be a meteorite. The object appeared to be travelling horizontally for a few minutes in a westerly direction. I did not notice any flashing marker lights as usually seen by nearby Military and civilian traffic. There was no trail as found with meteorites. The bright object was below the cloud cover at this time. I decided to go inside my house and get my wife and get my 8 X 40mm Tasco binoculars.At 2055 the object stopped in mid air just north of my residence. The object was hovering at this point and my wife was observing it with the binoculars. At this time the object was just above the cloud cover. At 2057 my wife went inside the house due to the cold and to attend to our kids. I continued to observe this object for another minute and it appeared to gradually lose its orange brightness and slowly fade. It appeared at this time to be going straight up and in a matter of about three seconds disappeared completely. I looked at my watch and noted the time to be 2058.The Orbs brightness was brighter than any aircraft I have witnessed in my 22 years in the U.S. Air Force. The brightness was equivalent to it being on fire. I observed the object before it ascended above the cloud cover with the binoculars. I did notice a variety of red almost pink colors toward the rear of the orb. No sound was heard. No other aircraft in the sky were visible. This was a very eerie experience.I then contemplated calling the local Base (Holloman AFB) to report what I had seen. Being a retired Air Force member myself, I realized this would be a waste of time. Who do you call at now 2110 at night?? I talked with my wife who is a complete skeptic on the subjects of UFOs. She mentioned to look for a web site that takes reports of sightings. I contacted the National UFO Reporting Center by phone and was instructed to file a detailed report.