The Storm Prediction Center just updated their outlooks now saying there is a moderate risk of severe weather for severe weather on January 29th 2013. The moderate risk area is for parts of Louisiana, Arkansas, Tennessee, and Mississippi. Below is the new convective outlook guidance per the SPC.
Also of an important note is the Storm Prediction Center brought out the hatching, meaning significant wind and large tornadoes are being anticipated tomorrow. You can see the hatched area covering parts of Louisiana, Arkansas and Mississippi below.
The Storm Prediction Center is predicting the tornado chances to increase after nightfall, which can lead to a very deadly situation.