Here's latest WRF-ARW model run based on 06z GFS initial conditions, 9 km resolution, centered on Birmingham, AL.
Composite radar shows a "line" of discrete cells tracking across MS and AL.
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The SBCAPE is interesting because it shows two major pushes of storm fuel -- the first into MS and western AL overnight, then a blow up across SE AL and central GA during the day on Monday.
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A large portion of the area will have LCL's below 600m in the open warm sector, which favors tornado formation, conditional on other factors being present.
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In the lowest part of the atmosphere (the lowest 500m), the SRH is roughly between 150 and 350 across the key stormy areas as the system move through; this should create conditions favorable for tornadoes to form, if the other ingredients come together.
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The Lapse Rates are medium, enough to support a conditional severe weather threat. Over the SE areas of the image (SE AL, S GA, FL Panhandle), the best Lapse Rates are found during the heat of the day, so this bears watching.
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A measure tracking the area of the hodograph (basically how curved the hodograph is) is shown below, and it seems to pinpoint several long-track supercells, particularly across northern AL and northern GA.
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Vertically Integrated Graupel is designed to show areas of storm cores that favor intense lightning/hail. If this measure is any indication, SE AL has the best chances of powerful storm cores.
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The Storm Mode Index is designed to predict storm mode, as the name implies, and is essentially a modified BRN. It shows a time period from the nighttime lasting ~18 hours into the afternoon on Monday of a potential discrete tornado threat.
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Looking at the real models out there, it looks like the 12z GFS and NAM are both on board with at least a conditional severe weather threat. I wouldn't be surprised if the threat winds up being a Level 3 Enhanced risk, given the uncertainty present and the storm mode. It looks plausible that some areas may not get any rain at all from this event, which is interesting.