The psalmist gives reasons to be thankful to YHWH in Psalm 16:5-11, and even if lines here were later used to affirm resurrection, for the psalmist there is a heavy emphasis on God caring about and providing for ordinary life with ordinary provisions and ordinary, daily protection. 

For which things the psalmist is thankful. Let us count the ways for the psalmist:
1. Stability and prosperity and security (v. 5).
2. Location and land (v. 6).
3. YHWH’s guidance and nighttime instruction (7).
4. YHWH’s presence at his side (8).
5. YHWH’s promise not to abandon him to Sheol/abyss (10).
6. YHWH’s promise to make known to him the way of life (11).
In the midst of this (v. 9), the psalmist bursts out in praise:

So my heart rejoices

and I am happy;

My life is safe.

A prayer of David.

16:1 Protect me, O God, for I have taken shelter in you.

16:2 I say to the Lord, “You are the Lord,

my only source of well-being.”

16:3 As for God’s chosen people who are in the land,

and the leading officials I admired so much –

16:4 their troubles multiply,

they desire other gods.

I will not pour out drink offerings of blood to their gods,

nor will I make vows in the name of their gods.

16:5 Lord, you give me stability and prosperity;

you make my future secure.

16:6 It is as if I have been given fertile fields

or received a beautiful tract of land.

16:7 I will praise the Lord who guides me;

yes, during the night I reflect and learn.

16:8 I constantly trust in the Lord;

because he is at my right hand, I will not be upended.

16:9 So my heart rejoices

and I am happy;

My life is safe.

16:10 You will not abandon me to Sheol;

you will not allow your faithful follower to see the Pit.

16:11 You lead me in the path of life;

I experience absolute joy in your presence;

you always give me sheer delight.

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