A tropical wave southeast of Grand Cayman is beginning to show signs of increased convective activity and has a fair chance for additional development over the weekend. This is the same system that was located in the west central Atlantic on Monday. The wave is moving to the west or west northwest at about 10 to 12 knots and will move into an area of light shear in about 24 hours. The area of light shear is extensive and will likely remain light for many days. It would not surprise me to see an invest on this area within 24 hours. Something to keep an eye on over the holiday weekend.
Cheers,
ED

02/16Z Update
System now has a developing weak circulation with banding formation near 19N 83.5W. Regarding the 'bar code' (see below) - that usually reflects Mike's thoughts for development potential. As time goes on, that potential can increase or decrease - just like a forecast can change to reflect a better analysis.
Cheers,
ED