I was inside a family member’s house when my sister came to get me, saying there was a strange light in the sky. We went back outside and noticed a strange red/orange light drifting in the sky in an upward motion traveling east to southwest. The object looked like it was on fire, and my first thought was maybe someone had their fireplace going and it was flaming debris, but the motion of the object was floating upward and there was no wind to carry anything. That and given the distance of the object to us (at arm's length it was about 1/4" diameter), the object was too large to be debris. I ruled out a flare as it wasn’t falling. It almost looked like it was something suspended from a balloon, but it was traveling to fast and it was traveling too fast to be a balloon. If it was a balloon, then it would have been visible or at least a reflection of the light would have been on the balloon.
I rushed to my car to grab my digital camera and my sister took hers out of her purse. I snapped a picture, but it was too dark so I deleted it. I then decided to change the settings on my camera in hope of maybe getting better luck. As soon as I looked back up, the object was gone. Total time of occurrence was five minutes.