I had my Left side CV axle replaced recently, and I am noticing
when I go in reverse and turn the wheel all way to the right It
seems to do a little wheel hop or skid with a tire squeal.

Is this normal? I don't recall it doing that before, but I have
not driven it too much either yet.

 

no its not. is your 4 wheel drive engaged

 

That's what I was thinking, I am going to have the shop put on lift
tomorrow and see if in 4wd

...Last nite my indicator light was not
on in any position, so I selected 2HI......looks at night as if yellow
on 2HI and a very faint green or blue on 4HI...may just be light
from 2HI bleeding over to 4HI side...I dont know

 

Definitely sounds like you are in 4WD.

 

I'm told it is Upper Control arm bushings....when they align it.. evidently jumps out of alignment.

I had it re-aligned it stopped drag and squeal when in reverse turning wheel right...next day started doing it on the other side.