On Monday, March 14 2016, around 1940 hours, I was in my family room and began to lock up the house and go upstairs to my bedroom. As I checked the patio door, I glanced outside and observed a bright red object in the Northeast sky. The object was hovering yet remained stil and silent. I immediately call my wife to come and take a look at it and I got my cellphone to take video. For a few minutes we watched the object change colors (red to green and back again) and move around in the sky. Then as an aircraft (heading east) came close, the object appeared to head west towards the aircraft. Just then, another aircraft came from the east and the object quickly moved away from both aircraft towards the Southwest. The object held a hovering position for a minute Then move back across the sky on a Northeast direction to its original position. The object appeared to descended both not land, then we lost sight of the object as it away and behind some trees and structures. At about 0215 hours, as I laid in bed, I thought I saw a red glow outside the window but I could have just been half asleep and dreaming.1. I was locking up the to go upstairs.2. That apart or the sky is very dark with a passenger aircraft traffic. The red light immediately got my attention.3. At first I thought it was a drone of some kind but the lights and speed of the object made me doubt it.4. Details stated above5. I thought it was odd, my heart races at night like I was sacred or something.6. The object went behind some trees and structures.