I have just upgraded from CS6 to CC, thus new to the Cloud. I was able to create a folder on the Cloud and upload a file to it. On the far right is "Desktop Sync Settings", when I click on it I get another window telling me I need to open my desktop application and click "Sync Settings Now".
I have looked through the desktop application and the only buttons (under Assets) are "Open Folder", "View on Web" and "View Archive". I also checked Photoshop and Illustrator and I'm not seeing it.