Well if set to max range of 200mv the meter would not be able to read +/- 1. What you are measuring is simply an out of range symbol for the meter. Do you have 200mv, 2v, 20v, 200v, 700v as the range selections? Try putting the meter on 200v setting and then what does it say?
Edit: Also the burning smell is probably that diode leg cooking so yes don't keep the amp on very long at all. Just take measurement to confirm DC on the output.
Edit: Also the burning smell is probably that diode leg cooking so yes don't keep the amp on very long at all. Just take measurement to confirm DC on the output.