Star sized flickering object at satellite height, moving erratically at speed of a plane, then stopping dead and remaining still.

I went out into my back yard at approximately 5:30 am while waiting for my coffee to brew and saw an aircraft above flying in from the SSW. Nothing unusual there. I then took a gander at the stars and noticed one was moving, coming from the southeast. Not quickly but slowly, at the speed of a plane, and it was flickering, if not blinking, but with only white lights. I thought it was too high for a plane so I figured it might be a satellite. So I continued to watch it and after about five seconds it momentarily stopped, made a small looping movement off course to the southwest and then back on course, continued for a moment, then made a straight movement to the southwest again, returned to its original course and then stopped dead and remained still. I watched for another minute or so, but it didn't move, so I went back inside.
It covered two inches of sky I'd say and the side movements an eighth of an inch.