Yellow point of light with no marker lights that initially was seen moving and then remained stationary for over 3 hours.Upon arriving home from school, I observed a deep yellow light moving near Venus which hangs near the south-west horizon. It wasn't as bright as Venus but brighter than any other star in the sky. It moved in a North-Easterly direction until it reached directly overhead where it simply stopped. There were no marker lights that you would normally see on a normal aircraft and it moved at a slower pace than most aircraft move over our skies. In addition there was an unusual amount of aircraft in flight that night; 11 at one point in time. The object stayed overhead for quite some time. Through binoculars, it was located near a dimly lit star where it remained until I went to bed, nearly 3 hours later. Using that dimly lit star as a reference point you could see with the naked eye and especially through binoculars that the object was bouncing around, moving erratically in all directions, yet staying within a near proximity of the dimly lit star. The object remained in this location until I went to bed, around 23:30 hours.