Although we could see a few strong to severe storms late Tuesday night-Wednesday morning, The Storm Prediction Center has put the" bulls eye" over parts of Arkansas, Mississippi, and North Louisiana with a "moderate" risk for severe weather there, where there is a 45% chance for severe weather within 25 miles of a point (see the graphics).
For OUR area this is their opinion:
...UPPER MS VALLEY THROUGH TN VALLEY REGION...
OTHER STORMS WILL EXPAND NEWD THROUGH THE MID MS VALLEY AND SWRN PARTS OF OH VALLEY WHERE INSTABILITY WILL BE MORE LIMITED...BUT SUFFICIENT FOR A THREAT FOR DAMAGING WIND WITH PRIMARY MODE BEING LINES AND BOWING SEGMENTS WITH MESO VORTICES. A FEW EMBEDDED SUPERCELLS WILL ALSO BE POSSIBLE GIVEN SIZE OF HODOGRAPHS AND STRENGTH OF DEEP LAYER FLOW/SHEAR SUGGESTING A FEW TORNADOES CANNOT BE RULED OUT.
Long story short: Our situation doesn't look as bad as to our west and southwest, BUT we still could see a few strong to severe storms.
As for snow chances when the cold weather return behind the storms:
There is a slight chance of the rain ending as flurries Wednesday afternoon/evening from Nashville eastward.
As for the "clipper" system for Thursday night, newest model runs show only modest amounts of moisture to work with, BUT it is something we will keep our eyes on.