The previous psalm was an evening psalm, as the reader was inclined to lay down and sleep in peace and safety in the knowledge that God is watching over us.
This psalm is a morning psalm, to which the reader wakes up in remembrance and thankfulness of the phenomenal blessings that he has received from God.
This psalm is addressed to the chief musician in a continuous fashion with wind instruments, and, to the chief musician in a discontinuous fashion with wind instruments. Also, it can be read as to the chief musician with inheritances, and to the chief musician without inheritances.
Both Hebrew words, ‘natsach,’ and ‘nachiylah,’ carrying parallel meanings as they are derived from ‘chaalal,’ and ‘naachal,’ respectively.
The continuous aspect is in reference to Gods grace (the music) for those who pursue their spiritual lives in the legitimate manner prescribed by God, while grace is discontinued for those who are indifferent toward, or in rejection of, or play games with, self designed spirituality.
The reference to the inheritance carries the same connotation for those who will or will not inherit in eternity, and again based on their spiritual function or lack of it.
Thus the opening introduction of this psalm speaks to the chief musician, the one who drives and leads the orchestra, namely Christ, who sets the controls over history and lives and destinies and rewards.
The reader prays to God, to hear his words in the morning, as he first arises and gives thanks, as his first act of the day, each morning.
His words from meditation, come from words that he has learned.
Words that you have learned come from words that you have studied. Words that you have studied come from your making the decision each and every day, to study, out of a desire to learn of God, and truth, and not be merely satisfied with your own invented perspective of life.
Gods word, comes out from beyond ones reach, given by God to each one of us. Words that otherwise are not accessible in the earthly scheme of things.
Man can discover and make use of the things of the world and of the physical world, but man cannot discover, on his own, the things from the spiritual realm. It is one of those human limitations that escapes mans reach.
Therefore, through a committed life to the learning of doctrine, something that anyone who wants to really learn of truth and life, then the natural path of learning is to review what you have learned (meditation, thinking about scripture and such).
And our meditation, our thoughts and words when we review them, are redirected back to God, who sees our thoughts, recognizes the truth content of our thoughts, and evaluates us accordingly, for the purpose of determining the nature of our individual inheritance.