Bright planet like light hovers then takes off.In back yard. Looked up saw pretty blue-white light, planet like object. Was about to tell husband to come and look at the super bright planet, when it took off. Hollered at husband "look, look" he saw it also. It flew off and disappeared into the tree tops. Looked around for it and didn't see it. Went into the house to get binoculars. Went into front yard. Saw a distant object flashing red and blue. Checked it with binoculars, circular object flashing red and blue but not solid colors more like flashes coming out the sides or maybe object spinning. Went back inside finally found camera, looked for it again and saw nothing.