Hovering UFOs over Phoenix Arizona

On the night of July 4, 2010 I had just finished having some friends over for a barbeque. One of my friends stayed later into the early hours of July 5 and as we were outside talking he noticed and then pointed out to me something very unusual in the southeatern sky. A large very bright object was hovering above the tree line in the southeast. The object was still very far away despite the fact that it looked so close.