Currently, there is a forecasted positive North Atlantic Oscillation (NAO), meaning that low pressure exists over Greenland. Because of this low pressure system over Greenland, storms that travel along the South US will not get picked up and brought north along the East Coast. If that positive NAO forecast does verify for this timeframe, I find it likely that the system will shoot offshore.
Something that should be watched in this GFS forecast shown above is that high pressure system off the coast of the Southeast US. It is possible that the storm system could be forced north into the Ohio Valley or even New England area if that high pressure system holds its ground against that storm system in the Gulf Coast, or it could go out to sea.
Nonetheless, a good severe weather situation should set up across the South in response to this storm system in the area. Already shown in the 3 hour precipitation forecasts is a linear precipitation forecast, meaning a squall line could be forecasted by the GFS. It's too far out to tell, but that is certainly a forecast typical of squall line formation.
The ECMWF says a very similar situation for this storm system, as in the system goes offshore.
This is a pretty sparse post. I have been VERY busy behind the scenes constructing a major post that will be out later today concerning the stratosphere.